Softcover Book The Last Tycoons: Secret History Lazard Freres & Co. Wm. D. Cohan

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Softcover Book The Last Tycoons: Secret History Lazard Freres & Co. Wm. D. Cohan:
$5.99

Up for sale is aTrade Softcover copy of The LastTycoons: The Secret History of Lazard Freres & Co. by William D. Cohan. Thebook is in excellent condition without writing, marks or tears. There is little discernable cover and minimalcorner wear. There are no remainder marks and this is not an ex-library copy.The photos in the listing are scans of the actual book on offer.

THE BOOK

The LastTycoons: Wall Street investment banks movetrillions of dollars a year, make billions in fees, pay their executives in thetens of millions of dollars. But even among themost powerfulfirms,Lazard Frères & Co. stood apart. Discretion, secrecy, andsubtlestrategy were its weapons of choice. Formore than a century, the mystiqueand reputation of the \"Great Men\" who worked there allowed the firmto garner unimaginable profits, social cachet, and outsized influence in thehalls of power. But in the mid-1980s, their titanic egos started getting in theway, and the Great Men of Lazard jeopardized all they had built. William D.Cohan, himself a former high-level Wall Street banker, takes the reader intothe mysterious and secretive world of Lazard andpresentsacompelling portraitof Wall Street through thetumultuoushistoryof this exalted and fascinating company. Cohan deconstructsthe explosive feuds between Felix Rohatyn and Steve Rattner, superstar investmentbankers and pillars of New York society, and between the man who controlledLazard, the inscrutable French billionaire Michel David-Weill, and his chosensuccessor, Bruce Wasserstein. Cohan follows Felix, the consummate adviser, ashe reshapes corporate America in the 1970s and 1980s, saves New York City frombankruptcy, and positions himself in New York society and in Washington.Felix’s dreams are dashed after the arrival of Steve, a formidable andambitious former newspaper reporter.By the mid-1990s, as Lazard nearedits 150th anniversary, Steve and Felix were feuding openly. The internal strifecaused by their arguments could not be solved by the imperious Michel, whosemanipulative tendencies served only to exacerbate the trouble within the firm.Increasingly desperate, Michel took the unprecedented step of relinquishingoperational control of Lazard to one of the few Great Men still around, BruceWasserstein, then fresh from selling his own M&A boutique, for $1.4billion. Bruce’s take: more than $600 million.But it turned outGreat Man Bruce had snookered Great Man Michel when the Frenchman was at hismost vulnerable.The Last Tycoonsis a tale of vaultingambitions, whispered advice, worldly mistresses, fabulous art collections, andenormous wealth—a story of high drama in the world of high finance.

DELIVERY OF THEBOOK

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