Former Commerce Secretary Wilbur Ross, known as the “King of Bankruptcy” during his 55 years on Wall Street, had aspirations of becoming a writer in college. Despite his initial interest in writing, Ross found himself struggling to keep up with the demand for creative output. His time at Yale provided him with valuable lessons and insights into the importance of preparedness and creativity in achieving success.
Lessons from a Famed Instructor
At Harvard Business School, Ross studied under the tutelage of Georges Doriot, a stylish and provocative Frenchman who emphasized the importance of dressing for success. Doriot’s advice on the significance of appearance in relation to success left a lasting impact on Ross and his approach to business throughout his career in banking.
Despite his reputation as a Wall Street banker, Ross found himself immersed in an artistic community during his time living at the Dakota. Surrounded by renowned figures such as Leonard Bernstein, Rudolf Nureyev, and Robert Flack, Ross developed a unique perspective on the intersection of finance and art. His recollections of John Lennon and Yoko Ono’s presence at the Dakota shed light on the personal connections that can be formed within a diverse and vibrant community.
Navigating Adversity with Trump
Ross’s initial encounter with Donald Trump was fraught with tension, as they found themselves on opposite sides of a bankruptcy proceeding. However, their relationship evolved over time, leading Ross to support Trump’s presidential campaign and eventually join his administration. The lessons learned from their adversarial beginnings highlight the importance of resilience and adaptability in navigating complex relationships.
Taking on Government Challenges
As Commerce Secretary, Ross faced unprecedented challenges, such as overseeing the hiring of 400,000 temporary workers for the census. His unique background as a census taker during his time at Harvard Business School equipped him with the skills needed to tackle this monumental task. Ross’s ability to navigate difficult situations and find innovative solutions underscores the importance of experience and resourcefulness in leadership.
Ross’s new book, “Risks and Returns: Creating Success in Business and Life,” offers valuable insights into his journey from Wall Street banker to government official. Endorsed by influential figures in business and media, the book serves as a testament to Ross’s legacy of leadership and success. Through his experiences and reflections, Ross imparts valuable lessons on resilience, collaboration, and innovation to aspiring entrepreneurs and business leaders alike.
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