Three Bailout Kingpins Make Good in the Private Sector

Millstein, Wilson, and Bloom flourish after government service
Ron Bloom (second from left): “I do think that my time in government can help to open that door a little bit”; Harry Wilson (far right): “We helped save an American icon. ... That feeling of accomplishment was certainly my professional pinnacle.” Photograph by Joshua Roberts/Bloomberg

Four years ago, unprecedented government bailouts of banks, insurers, and automakers prevented a U.S. economic collapse. For some of the men tapped by Uncle Sam to manage these rescue jobs, government service has paid off. Restructuring experts Jim Millstein, Harry Wilson, and Ron Bloom, who served on the Treasury Department-led overhauls of American International Group, General Motors, and Chrysler Group, have found that public service raised their profiles as they returned to the private sector. Today they’re busy with everything from merging airlines to salvaging postal worker pensions to turning around Yahoo!

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