Niall Ferguson Disappoints, on Jews and Money

Last night Yivo Institute on W. 16th Street hosted a talk by the Harvard historian Niall Ferguson on “Jews and Money.” How excited I was to hand over my $15. The center dedicated to the study of Yiddish-speaking Jews was bringing in a heavyweight prof, a biographer of Rothschilds and Warburgs, to anatomize the culture Read More

Behind the Lazard I.P.O.: Ego, Pride and Questions

Rumpled, ruthless, Bid ‘Em Up Bruce is right where he likes to be, in the midst of a hurricane of speculation.

When word leaked out in August that Goldman Sachs had been asked to explore an initial public offering of Lazard L.L.C., it sent Wasserstein watchers into overdrive. A Lazard I.P.O. would be the Read More

Grasso and McCall: Foxes Guarding The Henhouse

In the business world, the story of the early 21st century is bleak indeed. The public learned that many giant companies, presided over by highly compensated executives, engaged in fraud and deception to allow the big shots to live in regal splendor. You’d think that the people who run the New York Stock Exchange, of Read More

City of Ambition Will Rise From Ashes of 9/11

As the head of Chase Manhattan Bank, a great international power, David Rockefeller’s appointment book filled up as much as a year in advance. So I was surprised to receive an invitation to lunch with him at his headquarters near the southern tip of Manhattan.

It was the late 1960′s, and his passion then Read More

Will Lazard Make It? Wasserstein Choice Stirs Big Questions

When the French grand bourgeois and senior Lazard-Frères partner and chairman Michel David-Weill anointed Bruce Wasserstein on Nov. 15 as his successor to lead Wall Street’s last major partnership, the appointment resonated in two ways. First, it marked the end of Mr. Wasserstein’s 24-year run as an establishment-flouting deal maker. Second, for Mr. David-Weill, it Read More

Bill Clinton, Rainmaker, and Other Scary Ideas

Between Christmas and New Year’s, I found myself wandering the streets of Manhattan in a black funk. So clearly did my feelings-of the wan and palely loitering knight-at-arms variety-show upon my face that passers-by halted, some even extended tentative helping hands and nervous little solicitous murmurs. If I had a nickel for every time I Read More

Revenge of Solomon: Lazard Frères Fights His Bitter Lawsuit

With his Harvard Ph.D., his patrician manner and his partnership in Lazard Frères & Company, Arthur Solomon didn’t have trouble getting people to part with their money. As head of Lazard’s real estate fund group, he was something of a high priest to such blue-chip corporations as AT&T, Chrysler and General Motors, investing billions of Read More