最后的大亨:Lazard Frères & Co 的秘密历史

分类: 图书,进口原版,Biographies & Memoirs 传记,Arts & Literature 文学及艺术,
品牌: William D. Cohan
基本信息·出版社:Doubleday
·页码:752 页
·出版日期:2007年
·ISBN:0385514514
·条形码:9780385514514
·装帧:平装
·正文语种:英语
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内容简介A grand and revelatory portrait of Wall Street’s most storied investment bank
Wall Street investment banks move trillions of dollars a year, make billions in fees, pay their executives in the tens of millions of dollars. But even among the most powerful firms, Lazard Frères & Co. stood apart. Discretion, secrecy, and subtle strategy were its weapons 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 deconstructs 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 consummate adviser, as he reshapes corporate America in the 1970s and 1980s, saves New York City from bankruptcy, and positions himself in New York society and in Washington. Felix’s dreams are dashed after the arrival of Steve, a formidable and ambitious formernewspaper 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 LastTycoonsis a tale of vaulting ambitions, whispered advice, worldly mistresses, fabulous art collections, and enormous wealth—a story of high drama in the world of high finance.
作者简介WILLIAM D. COHAN, a former award-winning investigative newspaper reporter in Raleigh, North Carolina, worked on Wall Street for seventeen years. He spent six years at Lazard Frères in New York and later became a managing director at JP Morgan Chase. He lives in New York City and Columbia County, New York.
专业书评From Publishers Weekly
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 Morgan) 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 recollections (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.(Apr.)
Copyright © Reed Business Information, a division of Reed Elsevier Inc. All rights reserved.
FromAudioFile
Cohan portrays the men who built Lazard Frres & Co. from a dry goods store in New Orleans in 1848 to one of the large merger and acquisition brokers operating in New York City today. The account covers the firmÕs growth from a family-owned company to an international broker. David Aaron Baker narrates in a warm, smooth voice. His emotional involvement draws the listener into this blended history and biography. Cohan spends the majority of the story focused on the internal struggle, in the 1980s, between Felix Rohatyn, the astute financial advisor who helped the City of New York out of bankruptcy, and Michel David-Weill, the last heir of the original partners. M.B.K. © AudioFile 2008, Portland, Maine--Copyright © AudioFile, Portland, Maine--This text refers to theAudio CDedition.