Word: perella
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...combination: an intellectual Wall Streeter. After graduating from the University of Michigan, Wasserstein enrolled at Harvard Law School at 19 and worked with Ralph Nader's "Raiders" before becoming a corporate lawyer. But it was as a banker--at First Boston, then at the boutique firm he founded, Wasserstein Perella, and finally as CEO of Lazard--that he made his mark. Wasserstein presided over the rise of the "Big Deal" (the title of a book he published in 1997), dreamed up takeover tactics like the Pac-Man defense and was sought by CEOs for his creative ideas on offense...
...Wasserstein—in conjunction with his partner Joseph Perella of First Boston—created Wasserstein Perella & Co., a smaller investment bank that was eventually sold in 2000 for around $1.4 billion...
...little-known Arkansas Governor named Bill Clinton, who chose him to be White House political director after Clinton was elected in 1992. It was the first of a series of jobs Emanuel would hold in the Clinton White House before leaving in 1999 for the investment firm Wasserstein, Perella & Co., where he reportedly made a hefty $18 million in just two years...
...Perella thought he could sidestep the pernicious culture-clash now consuming Morgan Stanley, where he's served as rainmaker and mentor for the firm's ?lite investment bankers for 12 years. But even Perella, a renowned dealmaker, couldn't find any middle ground in a family feud ignited the day the Ivy Leaguers at Morgan sold out to the hard-knocks brokers at Dean Witter Discover...
...firm's internal troubles burst into the open, management pushed Perella to take its side. The vice chairman chose instead to take a hike, becoming the biggest name in a string of high-profile departures that have stunned Wall Street, leaving investors and clients to wonder whether more Morgan bankers will head for the hills...