Word: lazard
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...opened up and pruzan began organizing a raines campaign. instead, raines took a job in the carter white house that included his first stint at OMB. when carter lost, raines went to work, making millions of dollars, first as a partner doing municipal finance at the manhattan investment house lazard freres. when the travel for that job became too much for a man with a young family, he accepted an offer to become vice chairman of the federal national mortgage association, known as fannie mae, the nation's largest investor in home mortgages. his family's rocky beginnings, he says...
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...