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　　A grand and revelatory portrait of Wall Street’s most storied

investment bank

Wall Street investment banks move trilli*** of dollars a year,

make billi*** in fees, pay their executives in the tens of milli***

of dollars. But even among the most powerful firms, Lazard Frères

& Co. stood apart. Discretion, secrecy, and subtle strategy

were its weap*** of choice. For more than a century, the mystique

and reputation of the "Great Men" who worked there allowed the firm

to garner unimaginable profits, social cachet, and outsized

influence in the halls of power. But in the mid-1980s, their

titanic egos started getting in the way, and the Great Men of

Lazard jeopardized all they had built.

William D. Cohan, himself a former high-level Wall Street banker,

takes the reader into the mysterious and secretive world of Lazard

and presents a compelling portrait of Wall Street through the

tumultuous history of this exalted and fascinating company. Cohan

dec***tructs the explosive feuds between Felix Rohatyn and Steve

Rattner, superstar investment bankers and pillars of New York

society, and between the man who controlled Lazard, the inscrutable

French billionaire Michel David-Weill, and his chosen successor,

Bruce Wasserstein.

Cohan follows Felix, the c***ummate adviser, as he reshapes

corporate America in the 1970s and 1980s, saves New York City from

bankruptcy, and positi*** himself in New York society and in

Washington. Felix’s dreams are dashed after the arrival of Steve, a

formidable and ambitious former newspaper reporter. By the

mid-1990s, as Lazard neared its 150th anniversary, Steve and Felix

were feuding openly.

The internal strife caused by their arguments could not be solved

by the imperious Michel, whose manipulative tendencies served only

to exacerbate the trouble within the firm. Increasingly desperate,

Michel took the unprecedented step of relinquishing operational

control of Lazard to one of the few Great Men still around, Bruce

Wasserstein, then fresh from selling his own M&A boutique, for

$1.4 billion. Bruce’s take: more than $600 million. But it turned

out Great Man Bruce had snookered Great Man Michel when the

Frenchman was at his most vulnerable.

The LastTyco*** is a tale of vaulting ambiti***, whispered

advice, worldly mistresses, fabulous art collecti***, and enormous

wealth—a story of high drama in the world of high finance.

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　　William D. Cohan was an award-winning investigative journalist

before embarking on a seventeen-year career as an investment banker

on Wall Street. He spent six years at Lazard Frères in New York and

later became a Managing Director at JPM***an Chase & Co. He is

a graduate of Duke University and received both an MS from Columbia

University's Graduate School of Journalism and an MBA from its

Graduate School of Business. He lives in New York City and Columbia

County, New York.

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媒体评论

　　"This astute if not entirely cohesive debut account from

investigative journalist and former banker Cohan chronicles the

long metamorphosis of Lazard Frères. Converted from a private

partnership to a diversified, publicly traded company in 2005, it

was the last great American investment bank to do so. That story

intertwines with the career of Felix Rohatyn, Lazard's most famous

and influential banker. Readers expecting a comprehensive financial

history in the style of Ron Chernow (The House of M***an) will find

the firm's history from its founding as a New Orleans dry goods

retailer in 1848 to the early 1960s covered in only two of the 21

chapters. Cohan discusses the following quarter century in more

detail, but concentrates almost exclusively on Rohatyn and draws on

the general business press. The chapters on the last 20 years

contain fascinating and novel information, and rely extensively on

the author's personal recollecti*** (he worked at Lazard for six

years) and interviews with associates, many of whom remain

undisclosed. The result is three incompletely integrated works: a

competent history of Lazard, a well-written biography of Rohatyn

and an exciting insider's account of Wall Street infighting."

　　--Publishers Weekly