In December 2012, Secretary of Commerce Wilbur Ross bought a 37.8% share of NBNK Investments. Ross had earned a bachelor’s degree at Yale, where his father had also gone before becoming a lawyer and a judge. He got an MBA from Harvard.
In the late 1970’s Ross began a 24-year stint with the New York office of NM Rothschild & Sons where he ran their bankruptcy-restructuring advisory practice. Around that same time Atlantic City, NJ legalized gambling. Continue reading