He became known as "Mr. Chapter 11" for his rescuing of a number of companies from bankruptcy, in the course of which he pioneered an investor-friendly "slash-and-burn strategy" at the expense of employees.
[1][2][3] His father served as a physician in the United States Army during World War II.
[2] He graduated from the University of California, Los Angeles (UCLA), where he earned a Bachelor of Science in physics and biology in 1951.
[2][1][4] In this capacity, he appeared in commercials on national television, as a spokesman for Wickes' Builders Emporium.
[10] He is the namesake of the Sanford and Betty Sigoloff Chair in Corporate Renewal, held by Professor William G.
[2] On his death, Professor Edward Altman of the New York University Stern School of Business said Sigoloff "was considered one of the pioneers of the slash-and-burn strategy that resonated with creditors," but he added that "it was controversial because people felt that there was too much carnage in terms of quick dismissals.