"Most multinational CEOs are not in touch with Main Street America. I listened to some of those multinational CEOs at the Yale
CEO Institute's Summit conference and found it fascinating. They believe this is the greatest moment to be alive, because
they actually have the resources to set up production in Malaysia, Vietnam, China and India, but they're not creating
American jobs." -- Lynn Tilton, CEO/Principal, Patriarch Partners, LLC
Click here for interview.
Lynn Tilton
CEO and Principal
Patriarch Partners, LLC
Lynn Tilton
... an American Made Hero!
CEO and Principal, Patriarch Partners, LLC
For saving over 200,000 of America's manufacturing jobs Ms. Tilton & her team at Patriarch Partners are
AmericanMadeHeroes.com!
Under Ms. Tilton’s leadership, Patriarch has positioned itself as a proactive partner to companies during periods of
operational, industrial and economic transformation. Patriarch provides liquidity, time and strategic support,
frequently saving US companies and US jobs. Patriarch inspires management teams to rebuild, using creative structural
solutions and add-on investments in order to enhance companies’ long-term values.
Article quote: "Our middle market manufacturers, the unsung heroes and hope for this nation, are prime casualties of today’s
credit crisis. It is essential that we make a national commitment to sustain our core economic base."
Industrialist Lynn Tilton Plans to Revive American Manufacturing.
"People who have been making things with their hands for generation after generation have always been able to have a life
with dignity taking care of their family doing so. Eradicating that from our economy is an arrogance that says we are too
good for that."
"I am here to say that there is no shame in being the maker of things.
Every great economy has been built upon being the maker of things."
..."We are de-evolving as a nation when we take those jobs away."
"Frankly, if we do not employ people in this country it will ultimately end badly for all of us."
FOX Business Network's The Willis Report
June 14, 2010 — Patriarch Partners CEO Lynn Tilton discusses the unemployment crisis, government spending and job
creation with Gerri Willis on FOX Business Network's The Willis Report.
How Dangerous Is it to Trade? -- April 28th, 2010
Fox Business Channel
Today's guest said more than two years ago that Wall Street has turned banks into nothing more
than casinos where inexperienced traders where making bets using your money. Well her warnings were ignored by most.
"This country has to stop focusing on what Wall Street did wrong and who is wrong and we need to start focusing on
creating industry in this country. We must be a manufacturing economy ... which means
instead of $168 billion going to
unemployment benefits this year, that (money) should go to support industry and bring industry back.
"When people ask why we cannot be competitive they always say it is zero labor costs, environmental costs, etc ...
but it is not! There is really (foreign competitor's) subsidy of raw material and then we have no tariffs to protect us."
"
Lynn Tilton at the National Press Club -- Part 1 (Oct 15, 2009)
"In the end, our work force is housed in small and mid-sized companies. Only 17% of our workforce is in larger companies that
have more than 500 workers."
"What we are not seeing is that we are losing the small to mid-sized companies every day and those are the job losses
that you are seeing at this point. What you don't understand is that there are going to be no place for these people
to come back to because these small to mid-sized industrial companies are gone forever and with that we are losing jobs,
but the eclipse of technology, and the destruction of industrial knowledge ... the tribal knowledge. It cannot be rebuilt."
"My great fear is that if we do nothing to stem this quickly there will be no place for these people to go."
"We are de-evolving as a nation because we no longer provide jobs where the American people can make a living with dignity
and take care of their families. What people do not understand is what happens to a family structure when there is a loss of a bread winner."
Lynn Tilton at the National Press Club -- Part 2 (Oct 15, 2009)
"We speak in rhetoric. We speak about an economy where we export more and Chinese consumers buy more ... yet we do not
make anything anymore and we act as if we don't care if we make anything.
"Although I am considered a Wall Street woman, I have now seen the world from a perspective much distinct. We now
own 73 companies and 100,000 employees, many of them industrial companies. I have a view and a vision of this country that
cannot be seen from a Wall Street window."
"As I have watched this economy unravel, as I have watched the joblessness rate increase with a permanence that frightens
me, I came back to say 'What can I do to make a difference. What is my solution?'"
"... and so I thought I would bring back the old models and bring back the knowledge and perspective that I have gained
over the last decade to try to bring something to the treasury that would actually help us stem this job loss immediately."
Lynn Tilton at the National Press Club -- Part 3 (Oct 15, 2009)
"We are literally eradicating industry in this country very quickly. If you are involved in the automotive industry you
will see that there has been an immense consolidation of suppliers over the past year that has been very quiet and you
have eradicated probably 50% of your supply base.
Fox News — Interview with Patriarch Partners CEO Lynn Tilton
- July 7, 2009
“Every great empire has been built upon a manufacturing economy. The fall of every great empire has been the failure to
remember that one fundamental fact.”
"We have got to save employment. That means that we have got to save our small to mid-sized companies."
Alexander Hamilton
"Not only the wealth, but the independence and security of a country, appear
to be materially connected with the prosperity of manufacturers. Every nation ... ought to endeavor to possess within
itself all the essentials of a national supply. They comprise the means of subsistence, habitation, clothing and
defense ... The expediency of encouraging manufactures in the United States, which was not long since deemed very
questionable, appears at this time to be pretty generally admitted."
