Word: lazard
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Dates: during 1990-1999
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Following his tenure in the Carter Administration, Raines joined and became the youngest partner of the investment banking firm of Lazard Freres & Co. He currently serves as the vice chair of Fannie Mae, and he is credited with moving the agency into the technological future...
...President does have a chance to nudge the Fed a bit more, legitimately. To fill the just-vacated post of vice chairman, the Administration has been floating the name of Felix Rohatyn, a top investment- banking dealmaker at Lazard Freres. Rohatyn, a Democrat best known as the head of the municipal corporation that saved New York City from bankruptcy in the 1970s, has both the assertive personality and the towering reputation on Wall Street to voice progrowth arguments forcefully inside the board. In any case, to keep the economy humming, the budget-bound President has only one place to look...
Rohatyn, the managing director of Lazard Freres & Co., is one of the few prominent Wall Street figures who has supported liberal and Democratic causes, according to the Wall Street Journal...
...biggest skeptic was Lotus chairman Jim Manzi, 43, who had spurned an IBM merger offer in January and learned of the takeover attempt in a phone call from Gerstner at 8:25 a.m. last Monday, five minutes before IBM went public. Manzi swiftly hired investment banker Lazard Freres to plot defense tactics and search for a white knight, such as AT&T or Hewlett-Packard, that would rescue Lotus. No savior had appeared by week's end, however, and Manzi seemed resigned to coming to terms with IBM if it would sweeten its offer. Wall Street watchers expected...
...inflation. That in turn may force Washington to raise interest rates, jacking up the cost of loans and mortgages and holding the entire U.S. economy hostage to the currency's problems. "We are gradually losing control of our own destiny," Felix Rohatyn, a senior partner at the investment firm Lazard Freres, told Congress. Moreover, he says, "the dollar's decline undercuts American economic leadership and prestige. It is perhaps the single most dangerous economic threat we will face in the long term because it puts us at the mercy of other countries...