Wilbur Ross - Former United States Secretary of Commerce | From The ‘King of Bankruptcy’ ($400 Billion Deals) to Trump's Cabinet

Success Story with Scott D. Clary

Success Story Media

How To, Business, Education, Self-improvement

4.6 • 326 Ratings

🗓️ 5 September 2024

⏱️ 78 minutes

🔗️ Recording | iTunes | RSS

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Summary

➡️ Like The Podcast? Leave A Rating: https://ratethispodcast.com/successstory ➡️ Join 321,000 people who read my free weekly newsletter: https://newsletter.scottdclary.com ➡️ About The GuestWilbur Ross, billionaire investor and former U.S. Secretary of Commerce, has been a titan of American business and politics for over five decades. As founder of WL Ross & Co., he orchestrated more than $400 billion in corporate restructurings, earning the title "King of Bankruptcy" for his ability to revive struggling companies. Ross's transformative touch reshaped industries from steel to textiles, creating billion-dollar enterprises and saving countless jobs. His strategic brilliance has garnered numerous accolades, including Japan's Order of the Rising Sun.As U.S. Secretary of Commerce (2017-2021) under President Donald Trump, Ross was instrumental in reshaping America's economic landscape. He spearheaded the USMCA trade deal, projected to add $68 billion to the U.S. economy, and launched the $20 billion "Build Back Better" initiative to boost American competitiveness. Ross's tenure saw record-breaking settlements and aggressive championing of U.S. interests globally. His unique blend of corporate expertise and public service has left an indelible mark on both Wall Street and Washington, cementing his legacy as a true American business and political powerhouse. ➡️ Show Linkshttps://www.instagram.com/secretaryross/ https://x.com/secretaryross/ ➡️ Bookshttps://www.amazon.com/Risks-Returns-Creating-Success-Business/dp/1510781714/ ➡️ Podcast SponsorsHubspot - https://hubspot.com/ The Product Boss Podcast - https://www.theproductboss.com/podcastNetSuite — https://netsuite.com/scottclary/Indeed - https://indeed.com/claryDemostack - https://www.demostack.comMiro - https://miro.com/successpodPolicygenius - https://www.policygenius.com ➡️ Talking Points00:00 - Intro02:10 - Wilbur Ross' Journey10:12 - Hard Work for Early Career Professionals16:35 - Shifting Mindsets24:33 - How Worried Should We Be About the US Economy?28:39 - The Threat to Hard Work in the Social Media Era38:47 - Sponsor: The Product Boss Podcast39:28 - Why Work in Government?42:56 - Ross’ Key Policies in Office49:50 - Why Do Younger Generations Criticize the US?59:44 - Global Risks Today1:07:50 - Should the US Partner More With China?1:16:51 - Wilbur Ross' Final Lesson

Transcript

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0:31.0	American Dream has always been, hard keep at it succeed and you end
0:37.0	up being more prosperous and more happy than even your parents were usually within a problem, there also lies an opportunity.
0:46.6	Our educational system, I think, is failing the younger generation.
0:52.4	We're not doing a good job teaching kids what they need to know
0:57.4	to have a good career.
0:59.2	Entrepreneurship takes a lot of work
1:01.5	that somebody is starting their own business.
1:04.4	It's not a question, do I work 40 hours, 41, or 42?
1:09.4	You're starting your own business and you don't even think about in my working overtime. A lot of people
1:16.1	who've gotten rich collecting rent. I don't know anybody who got rich paying rent.
1:21.6	Big lesson is the only person who can hold you back is you yourself.
1:29.8	Welcome to Success Story. I'm your host Scott Clary. The Success Story Podcast is part of the HubSpot Podcast network.
1:37.0	Now HubSpot is the resource that you need to tap into if you are an entrepreneur.
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