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The Last Tycoons: The Secret History of Lazard Frères & CoBy William D. Cohan
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William D. Cohan's The Last Tycoons: The Secret History of Lazard Freres & Co. is the astonishing story of the world's most elite and legendary investment bank - and the men who reigned over it all. For over 150 years Lazard Freres had stood apart from other Wall Street firms by offering ultra-wealthy clients the wisdom of its 'Great Men': from Felix Rohatyn, the escapee from Nazi-occupied France turned financial genius, to Michel David-Weill, the inscrutable French billionaire 'Sun King'; from Steve Rattner, the boy wonder from Long Island who clashed violently with the old guard, to larger-than-life CEO Bruce Wasserstein, 'Bid-Em-Up-Bruce', who broke with the bank's traditions and made himself billions in the process. They amassed unimaginable fortunes and would stop at nothing to make a deal, until their titanic egos started to jeopardize everything. In The Last Tycoons William Cohan, himself a former high-level Wall Street banker, takes us into their mysterious and secretive world, telling a story of ruthless ambition, whispered advice, explosive feuds, glamorous mistresses, decadent excesses and unimaginable wealth. 'Spellbinding' Financial Times 'A definitive account ...it lives up to the billing' The Times 'Has sent a jolt through Lazard and the rest of Wall Street' Wall Street Journal William D. Cohan was an award-winning investigative journalist before embarking on a seventeen-year career as an investment banker on Wall Street. His first book, The Last Tycoons, about Lazard, won the 2007 Financial Times/Goldman Sachs Business Book of the Year Award and was a New York Times bestseller. His second book, House of Cards, also a bestseller, is an account of the last days of Bear Stearns & Co. He is also the author of Money and Power: How Goldman Sachs Came to Rule the World.
- Amazon Sales Rank: #7362254 in Books
- Published on: 2010-09-01
- Original language: English
- Number of items: 1
- Dimensions: 7.80" h x 1.26" w x 5.08" l, 1.01 pounds
- Binding: Paperback
- 752 pages
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.
Review Riveting ... a genuine page-turner Will Hutton Spellbinding Financial Times A definitive account ... it lives up to the billing The Times Has sent a jolt through Lazard and the rest of Wall Street Wall Street Journal An epic The New York Times Spellbinding Financial Times
About the Author William D. Cohan is the New York Times bestselling author of The Price of Silence, Money and Power, House of Cards, and The Last Tycoons, which won the 2007 FT/Goldman Sachs Business Book of the Year Award. He is a special correspondent at Vanity Fair and writes a biweekly opinion column in The New York Times. He has also written for theFinancial Times, Bloomberg BusinessWeek, Fortune, The Atlantic, The Nation, and The Washington Post, among other publications. Cohan is a graduate of Duke University, Columbia University School of Journalism, and the Columbia University Graduate School of Business.
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