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Kaufman is not the only pessimist on Wall Street. Felix Rohatyn, a partner of Lazard Frères, an investment banking house, warns that "the next twelve to 18 months are going to be potentially the most dangerous period that I have seen in 30-plus years in the banking business." Rohatyn is wor ried about possible corporate bankruptcies and the failure of some banks or savings and loan institutions as well as rising unemployment. Last week the Labor Department released figures that supported those glum views. Unemployment in December jumped to a near record 8.9%, up from...

Author: /time Magazine | Title: Worried Waiting on Wall Street | 1/18/1982 | See Source »

...weeks' work are common. According to one estimate, investment bankers this year will earn $500 million from the 60 largest corporate couplings. Top investment bankers earn $1 million and more annually, while vice presidents still in their late 20s make $150,000. Says Felix Rohatyn, 53, of Lazard Freres, who is one of the most respected men in the field: "Things seem to be getting out of hand, both in the fees and in the size of the deals being put together...

Author: /time Magazine | Title: Matchmaker, Make Me a Match | 7/27/1981 | See Source »

Seagram has retained two investment banking firms, Lazard Freres and Shearson Loeb Rhoades, in its effort to snare Conoco. Rohatyn and his Lazard Freres staff of only a dozen handled $10 billion worth of mergers last year. Shearson's group is led by Managing Director Mark Millard, 72, who in 1963 advised Seagram Chairman Edgar Bronfman to buy Texas Pacific Oil Co. for $326 million. Seagram last year sold Texas Pacific to the Sun Oil Co. for $2.3 billion; that money is now providing the bulk of funds used in the bidding for Conoco...

Author: /time Magazine | Title: Matchmaker, Make Me a Match | 7/27/1981 | See Source »

...Glanville, a partner at Lazard Frères. "But I have been watching M.B.A.s in this business for over 20 years, and I have found a great majority of them immature in their judgments. They are inclined to make strong judgments without a background of experience and humility. You don't really learn anything until you've been wrong a few times. If we shut down the business schools for ten years, we would not suffer a very great loss...

Author: /time Magazine | Title: The Money Chase | 5/4/1981 | See Source »

...part, the market's glow reflects a conviction in the business community that happy times will return with the incoming Administration. Says Felix Rohatyn, a partner in the influential Lazard Freres investment-banking firm: "Reagan is a businessman's populist. Under the Carter Administration, they considered themselves the whipping boys, overregulated and over-Naderized. Now they all see a better climate coming...

Author: /time Magazine | Title: Business: Waiting for Reaganomics | 11/24/1980 | See Source »

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