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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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书籍介绍

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 themost powerfulfirms, Lazard Frères & Co. stood apart. Discretion, secrecy, andsubtle strategy were its weap*** of choice. Formore 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 andpresents acompelling portraitof Wall Street through thetumultuous historyof 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.