Word: rohatyn
(lookup in dictionary)
(lookup stats)
Dates: during 1990-1999
Sort By: most recent first
(reverse)
...debacles about not + getting stuck on labels. But for Americans, there is also a cautionary tale in drawing pompous conclusions about the nation's economic security when a few Japanese companies invest in premier American properties. When the Japanese did just that in the late 1980s, investment banker Felix Rohatyn wrote, "What is at stake is not only the loss of our position as the leader of the Western democracies, but the loss of our independence of action both in economic and in foreign policy." Turns out it was just about making deals -- and perhaps not very good ones...
...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...
...close relationship with the Clinton Administration, which burst into the spotlight with his now famous appearance beside Hillary Rodham Clinton at the President's first address to a joint session of Congress in February 1993, has turned out to be useful. "Both sides need each other," says Felix Rohatyn, a partner at the investment firm Lazard Freres. "The Administration benefits from the reflected cachet of a conservative Republican like Greenspan, whose job is made easier by the deficit-reduction policies and fiscal prudence that Clinton has so far demonstrated." Besides the saxophone, both men have in common a love...
What inspires such worst-case speculation is the unprecedented size of the derivatives balloon. Its growth has prompted some Wall Street sages to warn that many of the newfangled instruments could be spinning far beyond anyone's control. The Jeremiahs include investment banker Felix Rohatyn, 65, one of Wall Street's elder statesmen, whose son Nicolas, 33, runs a J.P. Morgan department that uses derivatives to transact business in emerging markets in Asia, Eastern Europe and Latin America. "There's a whole different world in off-balance-sheet transactions that are potentially quite dangerous if people don't know what...
...bust-'em-up struggles (like the $25 billion 1988 fight for RJR Nabisco) that burdened corporations with excessive debt, ignited newspaper headlines and enriched everyone from corporate raiders to takeover lawyers. "The only criteria were who won or lost and how the companies were split up," says Felix Rohatyn, a senior partner at investment banker Lazard Freres, Paramount's adviser. In that rapacious era, "we wouldn't look at a deal under $1 billion," says James Stewart, a former front-page editor of the Wall Street Journal and author of the best seller Den of Thieves. "That was for spot...