Word: lazard
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Raines, a general partner in the internationalbanking concern Lazard Freres, said he was notasked about his position on divestment whenselected by the Alumni Association to run for theboard...
...world of high finance, where an elite group of Wall Street dealmakers commands million-dollar fees for putting together megadollar agreements, Felix Rohatyn is the first among equals. As a senior partner at Lazard Freres, a New York investment-banking firm, he has presided over hundreds of mergers and acquisitions. In October, General Electric Chairman John Welch and RCA Chairman Thornton Bradshaw started talking about a merger over drinks at Rohatyn's Manhattan apartment...
Born in Vienna in 1928, the only son of a brewer, Rohatyn fled the Nazis across Europe, North Africa and South America before landing in the U.S. in 1942. He began working at Lazard Freres in 1949 and twelve years later was named a general partner. In 1975 Rohatyn was one of the chief architects of the financial plan that saved New York City from bankruptcy...
...first step in GE's courtship of RCA came about two months ago, Welch says, in an early-morning telephone call he made to Felix Rohatyn, a partner in the Lazard Freres investment banking firm and one of Wall Street's leading merger specialists (see following story). "Can you arrange for me to meet Brad?" asked Welch. The Brad in question was RCA Chairman Thornton Bradshaw, 68, who is a friend of Rohatyn's. In early November Rohatyn invited the two men to have a drink in his New York City apartment. They talked about the defense business...
...acquisitions are reshaping virtually every corner of the corporate landscape. While megadeals were once limited mainly to oil and other natural- resources giants, they are now affecting companies ranging from moviemakers to missile manufacturers. Says Felix Rohatyn, a senior partner in the investment banking house Lazard Freres and a principal architect of the GE and RCA merger: "In my 35 years of business, I have never seen anything remotely approaching this year's tidal wave of takeovers, mergers and buyouts of every size and shape, including both very good and sound ones and extremely ill- conceived ones...