Word: lazard
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...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...
...agreement still seems likely, but the question then will be whether it spells out a coherent Mexican financial policy. Felix Rohatyn, a senior partner at Lazard Freres & Co. in New York and an unrivaled expert on financial bailouts--he headed the one that saved New York City from bankruptcy in the mid-1970s--complains that ``Mexico hasn't come up with any strategy at all'' and adds, ``I`m very worried.'' Financiers complain in particular that Mexico has not decided what to do about the peso--whether to let its price float or try to stabilize it within some range...
...board meetings of QVC and CBS approached, the Robertses summoned Lazard Freres investment bankers Steven Rattner and Felix Rohatyn to Comcast's Philadelphia offices on Friday, July 8. Rattner flew in from Martha's Vineyard, Massachusetts, and Rohatyn was fetched in a Comcast plane from his summer retreat on Long Island, New York. The talk centered on financing the Comcast bid, with Brian Roberts nonetheless repeatedly asking, "Are we doing this only because we're angry?" After securing a $1 billion line of credit from the Bank of New York last Monday, the Robertses were ready to strike. They began...
...might. On Wall Street and everywhere else in America, there is still a tendency for whites to hold all blacks responsible for the misdeeds of one, and blacks are still likely to feel defensive when some other black commits a crime. The death by drug overdose of Wardell R. Lazard, head of the most successful black Wall Street firm in history, will reinforce those proclivities. Yet it may be time to put aside such sensitivities and embark on a new phase of affirmative action that helps blacks move up the career ladder in crime as they have in other professions...
...OTHER CLIENTS: Goldman Sachs, United Technologies, Unisys, Lazard Freres...