Posted on 10/15/2009 5:57:39 AM PDT by Liz
Wall Street bids adieu to famed Lazard dealmaker: Bruce Wasserstein died at age 61 after being hospitalized with an irregular heartbeat....the exact cause could not be determined. A Brooklyn native, Wasserstein amassed a fortune of about $2.3B doling out merger advice to players Carl Icahn and Ron Perelman. According to former Lazard banker, William Cohan, author of "The Last Tycoons: The Secret History of Lazard Freres," Wasserstein made more money from investment banking than anyone else on Wall Street. "While everyone else was fighting the Vietnam War, he was studying English takeover law at Cambridge." Lazard Deputy Chairman Jeffrey Rosen saw him slightly differently: ".....one who will be remembered as having the greatest impact on the investment banking business over the last 30 years." Just nine months ago, Wasserstein took his fourth wife, shipping heiress Angela Chao, 29 (sister Elaine was Labor Secy for George W. Bush). One of five children of wealthy textile executive Morris Wasserstein, his grandfather was acclaimed Polish playwright Simon Schleifer; his sister was Pulitzer Prize playwright Wendy Wasserstein, who died in 2006. A graduate of U of Michigan, Wasserstein earned a law degree and MBA at Harvard. He started as a lawyer at Cravath, Swaine & Moore, but switched to investment banking.
(Excerpt) Read more at nypost.com ...
P I N G
Here we go, deja vu all over again.
The Clintigula *legacy* continues.
Thanks, Liz.
WTH would we all do without you. :^)
(sob sob)...
I share your sorrow. I’m all broke up about it, myself (bawl).
May I suggest we not, then?
Contemplating your continued good fight's a much more pleasant thought; or, it 'tis for some of us fellas admiring your work from a distance. ;^)
I just hope he didn't OD on Viagra.
Wasserstein and number four.
“I just hope he didn’t OD on Viagra. “
Methinks he died with a smile on his face ;-)
Six months later----a $500M profit ? Has to be fiduciary negligence there---failure to conduct due diligence about the company's real worth. Creditors and stockholders were shafted, unless they were offered a stake in the new entity.
Awwww, gee......that’s so sweet (dimples up).
Who’s the lucky bride distracting 61-year-old billionaire New York owner Bruce Wasserstein from the troubles of the media business? She’s Angela Chao, a politically connected 35-year-old shipping magnate.
Cityfile has the scoop on Chao: She’s the sister of Bush’s Labor Secretary Elaine Chao, a registered Republican, and an executive at her father James Chao’s Foremost Group, a shipping and trade concern. (She attends a lot of trade conferences, like the one at which this less-than-flattering photo was taken.) She’s smart: graduated Harvard in three years, then went to Harvard Business School, and worked in investment banking at Smith Barney. She seems lovely! So why did Wasserstein keep his wedding a secret? Was he worried about seeming like another weird old rich dude dating a younger Asian woman? Or was he worried that the Democratic politicians to whom he gives so much money wouldn’t like hearing about her politics?
http://gawker.com/5146687/bruce-wassersteins-secret-asian-bride-revealed
BTTT 4 RAHMBO ALERT !
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