Lazard looking for brokers for its mammoth Read More
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
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
You can slog through Big Deal , Bruce Wasserstein’s giant text on mergers and acquisitions, and find hundreds of thousands of words on how to take over a corporation, but very few on the ethics and morality necessary to manage and develop a business that demands the probity with which a new owner must acquaint Read More
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
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
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
The cashmere voice of Vernon Jordan slow-danced through the telephone receiver.
“The notion that I’m running from something …” Mr. Jordan paused for a beat. “There’s nothing to run from.”
There was a dash of annoyance in Mr. Jordan’s remarks, but mostly he sounded quietly amused and confident that there was no question Read More
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
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