 He also served on the board of the Investment Corporation of Dubai, the emirate's sovereign wealth fund, until November, 2009, when Bin Sulayem was removed from that post in the wake of the debt crisis that struck Dubai that year.In late 2009 and early 2010, Dubai was struggling to pay $80 billion in debt, most of it linked to Dubai World and its subsidiaries.The Wall Street Journal's influential "Heard on the Street" column said in October 2009 that Dubai World "has just been radically restructured after running up almost $60 billion of liabilities on ill-judged acquisitions like struggling Madison Avenue retailer Barneys and the Queen Elizabeth 2 liner, which has since largely languished in a Dubai dry dock" and that "surprisingly, senior management remains in place, including Sultan bin Sulayem, the chairman who masterminded the expansion."