Sunday, 28 August 2016
Last updated 1 day ago
Mar 10 2011 | 11:35am ET
Harry Wilson, the former hedge fund manager defeated last year in his bid to become New York State comptroller, has reemerged as a player in the restructuring of trucking company YRC Worldwide.
Wilson, a Republican, was brought on at the insistence of the International Brotherhood of Teamsters union. The Teamsters have asked Wilson to help "break through the logjam between the company and the lending group" as it struggles to stay out of bankruptcy.
In a letter to his members, Teamsters President James Hoffa said that Wilson has made "a great deal of progress in the last several weeks."
Wilson is no stranger to troubled industries: He was the only Republican named to President Barack Obama's auto-industry task force.
The former Silver Point Partners executive, who has also worked at the Blackstone Group and Clayton Dubilier & Rice, was narrowly defeated in November's election. The winner was incumbent Comptroller Thomas DiNapoli.