Word: rohatyn
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...Felix Rohatyn, 50, partner, Lazard Frères, New York City. He has made only one major investment in the past six months, a house on 2½ acres in Southampton, N.Y. "If worse comes to worse, I can always plant some lettuce and corn and live off the land," he says. Rohatyn is filling his house with antiques because "what I paid $1,000 for this year, I probably could have bought for $300 two years ago, and probably would have to spend $2,000 for a year and a half from now." He also cites as a "spectacularly...
David-Weill has cut Lazard's roster of full partners from 30 to 21. Those remaining, including the best-known of all, Felix Rohatyn, 50, the mastermind of New York City's financial rescue, have agreed to reduce their share of profits to make more money available for recruitment. To move into municipal bond trading, David-Weill hired the top traders at five of the biggest bond houses. Some other heavyweight hires: Frank Zarb, once the Ford Administration's energy czar, and Donald Cook, former chairman of American Electric Power, one of the U.S.'s largest...
...Felix Rohatyn, chairman of New York City's Municipal Assistance Corporation, who compared Mayor Edward Koch to Joan of Arc and was reminded that she burned at the stake: "Yes, but she saved France...
...policymakers also need to develop programs for specific trouble spots. Though Miller was quickly criticized by Senate Banking Chairman William Proxmire for lacking sufficient banking experience to run the nation's money supply, those who know Miller say the charges are foolish. Says New York Investment Banker Felix Rohatyn, who knows Miller well: "I think that he knows more about finance than most bankers I know. He has run a very big company, and run it exceedingly well. He does not get impressed by all this theoretical academic stuff. It's refreshing...
Cohen promptly sent a copy of Lockton's letter to such noted political and economic authorities as Johnny Carson, Chevy Chase and Daniel Schorr. He also mailed one to Rohatyn, who saw in it evidence that Moody's position on MAC bonds was "obviously one of political dogma." Though Moody's denies that politics was involved, MAC officials have called a meeting for this week to decide whether to sue the company or negotiate for a higher rating...