Det senare, Renco Group verkar vara mycket intressant ur en del sympunkter. Dels för dess hövding Ira Rennert, en av världens rikaste personer som han blivit på skräpobligationer och köp av konkurshotade företag, dels på att många av hans metall- och gruvföretag spyr ut mängder av miljöfarliga ämnen.
Miljöboven Ira Rennert kan bli Trollhättans hövding, och inte bara folket i Trollhättan kommer att jubla.
Ira Rennert is known for two things: the vast wealth he's acquired thanks to investments in highly unpopular industries, and his home in the Hamptons, which has the distinction of being the largest residential structure in the country.
Backstory
Rennert started off working on Wall Street, but he didn't stay there long. He was censured by the NASD on several occasions in the early 1960s and had his license revoked in 1964, a move that effectively banned him from working in the securities industry. Undeterred, the Brooklyn-born investor moved on to the unregulated world of private equity, amassing a collection of unpopular businesses in the 1970s and 1980s through his holding company, Renco. Often using junk bonds to finance his steel, magnesium, coal, and lead companies, Rennert made more than a billion dollars over the years, but clouds of controversy have always hovered overhead. A number of his companies have gone bankrupt leaving creditors and bondholders in the lurch, and he's amassed a contentious environmental record—an issue that led to a $900 million fine in 2001. (Rennert managed to avoid paying the staggering amount by sending the subsidiary involved in the alleged toxic dumping dispute into bankruptcy.) More recently, he's created an uproar in Peru, where one of Renco's facilities is believed to be responsible for widespread environmental damage./CityFile, New York---
Backstory
Rennert started off working on Wall Street, but he didn't stay there long. He was censured by the NASD on several occasions in the early 1960s and had his license revoked in 1964, a move that effectively banned him from working in the securities industry. Undeterred, the Brooklyn-born investor moved on to the unregulated world of private equity, amassing a collection of unpopular businesses in the 1970s and 1980s through his holding company, Renco. Often using junk bonds to finance his steel, magnesium, coal, and lead companies, Rennert made more than a billion dollars over the years, but clouds of controversy have always hovered overhead. A number of his companies have gone bankrupt leaving creditors and bondholders in the lurch, and he's amassed a contentious environmental record—an issue that led to a $900 million fine in 2001. (Rennert managed to avoid paying the staggering amount by sending the subsidiary involved in the alleged toxic dumping dispute into bankruptcy.) More recently, he's created an uproar in Peru, where one of Renco's facilities is believed to be responsible for widespread environmental damage./CityFile, New York---
Bilden: visar en av Ira Rennerts anläggning, smätverket i La Oroya i Peru som jämförs med Tjernobyl. Faktiskt!---
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