Director, Office of Liquidation
Small Business Administration
Washington, D.C.
Thomas Morris turned around the Small Business Administration’s liquidation office, which disposes of assets after small businesses defaulted on loans. Before Morris, the office was bringing in $0.52 for every dollar loaned out. Under his leadership, the SBA’s collection rate on defaults is now the highest in the federal government at $0.82 per dollar.
“Tom is the end of the railroad line for troubled equity and investments,” said Mark Walsh, associate administrator of the agency. “He discovers pearls in oysters.”