Wilbur Ross

Wilbur L. Ross, Jr. (November 28, 1937) is an American investor known for restructuring failed companies in industries such as steel, coal, telecommunications, foreign investment and textiles. He specializes in leveraged buyouts and distressed businesses. As of August 2014, Forbes magazine lists Ross as one of the world's billionaires with a net worth of $2.9 billion.

Early life

Ross was born in Weehawken, New Jersey and grew up well off in suburban New Jersey. His father was a lawyer and his mother a school teacher. He serves on the board of advisors of Yale School of Management. His second wife was former New York Lt. Governor Betsy McCaughey Ross, whom he divorced in 2000. He drove two hours a day from New Jersey to attend the elite Catholic college preparatory Xavier High School in Manhattan. He ran track and was captain of the rifle team. He earned a B.A. from Yale College, which was also his father's alma mater. At Yale, Ross edited one of the literary magazines and worked at the radio station. Initially, he wanted to be a writer, but after his experience in a fiction class requiring 500 words daily, he concluded that he had "run out of material." His faculty adviser at Yale helped him get his first summer job on Wall Street. He earned his M.B.A. at Harvard Business School.

Waterline length

The waterline length (originally Load Waterline Length, abbreviated to LWL) is the length of a ship or boat at the point where it sits in the water. It excludes the total length of the boat, such as features that are out of the water. Most boats rise outwards at the bow and stern, so a boat may be quite a bit longer than its waterline length. In a ship with such raked stems, naturally the waterline length changes as the draft of the ship changes, therefore it is measured from a defined loaded condition.

Length at the waterline is often abbreviated as lwl, w/l, w.l. or wl.

This measure is essential in determining a lot of properties of a vessel, such as how much water it displaces, where the bow and stern waves are, hull speed, amount of bottom-paint needed, etc.

In sailing boats, longer waterline length will usually enable a greater maximum speed, because it allows greater sail area, without increasing beam or draft. Higher beam and draft causes higher resistance against the water. This maximum speed, also known as theoretical hull speed, can be calculated using the formula (sqrt of LWL) x 1.34.

WL

WL may refer to:

Washington and Lee University

Washington and Lee University (Washington and Lee or W&L) is a private liberal arts university in Lexington, Virginia, United States.

Washington and Lee's 325 acre campus sits at the heart of Lexington and abuts the Virginia Military Institute in the Shenandoah Valley region of Virginia between the Blue Ridge Mountains and the Allegheny Mountains. The rural campus is approximately 50 miles from Roanoke, Virginia, 140 miles from Richmond, Virginia, and 180 miles from Washington, D.C.

Washington and Lee was founded in 1749 as a small classical school named Augusta Academy (later Liberty Hall Academy) by Scots-Irish Presbyterian pioneers, though the University has never claimed any sectarian affiliation. In 1796, George Washington endowed the struggling academy with a gift of stock. In gratitude, the school was renamed for the first United States President. In 1865, after his surrender at Appomattox Court House, General Robert E. Lee served as president of the college until his death in 1870, prompting the college to be renamed as Washington and Lee University. Washington and Lee is the ninth oldest institution of higher learning in the United States and the second oldest in Virginia.