The Last Tycoons: The Secret History of Lazard Freres & Co. The Secret History of Lazard Freres & Co., William Cohan
  • List: $17.48  |  Sale: $12.24
    Club: $8.74
    • Facebook Share
    • Twitter Share
    • Pinterest Share

Details

The Last Tycoons: The Secret History of Lazard Freres & Co.

Author: William Cohan

Narrator: Robertson Dean

Abridged: 9 hr 5 min

Format: Digital Audiobook

Publisher: Random House Audio

Published: 04/03/2007

Genre: Business & Economics - Business Ethics

Synopsis

A grand and revelatory portrait of Wall Street’s most storied investment bank

Wall Street investment banks move trillions of dollars a year, make billions in fees, pay their executives in the tens of millions of dollars. But even among the most powerful firms, Lazard Frères & Co. stood apart. Discretion, secrecy, and subtle strategy were its weapons of choice. For more than a century, the mystique and reputation of the "Great Men" who worked there allowed the firm to garner unimaginable profits, social cachet, and outsized influence in the halls of power. But in the mid-1980s, their titanic egos started getting in the way, 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 into the mysterious and secretive world of Lazard and presents a compelling portrait of Wall Street through the tumultuous history of this exalted and fascinating company.  Cohan deconstructs the explosive feuds between Felix Rohatyn and Steve Rattner, superstar investment bankers and pillars of New York society, and between the man who controlled Lazard, the inscrutable French billionaire Michel David-Weill, and his chosen successor, Bruce Wasserstein.

Cohan follows Felix, the consummate adviser, as he reshapes corporate America in the 1970s and 1980s, saves New York City from bankruptcy, and positions himself in New York society and in Washington. Felix’s dreams are dashed after the arrival of Steve, a formidable and ambitious former newspaper reporter. By the mid-1990s, as Lazard neared its 150th anniversary, Steve and Felix were feuding openly.
 
The internal strife caused by their arguments could not be solved by the imperious Michel, whose manipulative tendencies served only to exacerbate the trouble within the firm. Increasingly desperate, Michel took the unprecedented step of relinquishing operational control of Lazard to one of the few Great Men still around, Bruce Wasserstein, then fresh from selling his own M&A boutique, for $1.4 billion.  Bruce’s take: more than $600 million. But it turned out Great Man Bruce had snookered Great Man Michel when the Frenchman was at his most vulnerable. 

The LastTycoons is a tale of vaulting ambitions, whispered advice, worldly mistresses, fabulous art collections, and enormous wealth—a story of high drama in the world of high finance. 

Recommended

The Mormon Way of Doing Business How Eight Western Boys Reached the Top of Corporate America, Jeff Benedict
The Mormon Way of Doing Business
by Jeff Benedict

The Founder of JetBlue. The CEO of Dell Computers. The CEO of Deloitte & Touche. The Dean of the Harvard Business School. They all have one thing in common. They are devout Mormons who spend their Sundays exclusively with their families, never work...

Narrator: Jeff Benedict
Published: 03/12/2008

Exposure Inside the Olympus Scandal: How I Went from CEO to Whistleblower, Michael Woodford
Exposure
by Michael Woodford

When Michael Woodford was made president of Olympus-the company to which he had dedicated thirty years of his career-he became the first Westerner ever to climb the ranks of one of Japan's corporate giants. Some wondered at the appointment-how could...

Narrator: Michael Woodford
Published: 04/02/2013

Screw Business As Usual, Richard Branson
Screw Business As Usual
by Richard Branson

RICHARD BRANSON, one of the world's most famous and admired business leaders, argues that it's time to turn capitalism upside down-to shift our values from an exclusive focus on profit to also caring for people, communities and the planet As he wri...

Narrator: Sean Pratt,Gildan Author
Published: 01/15/2013

Screw Business As Usual, Richard Branson
Screw Business As Usual
by Richard Branson

RICHARD BRANSON, one of the world's most famous and admired business leaders, argues that it's time to turn capitalism upside down-to shift our values from an exclusive focus on profit to also caring for people, communities and the planet As h...

Narrator: Sean Pratt,Gildan Author
Published: 12/23/2011

Extreme Trust Honesty as a Competitive Advantage, Don Peppers
Extreme Trust
by Don Peppers

If you accidentally try to order the same song twice from iTunes, you'll be warned that you already own it. Not because it would be illegal or unethical for Apple to profit from your forgetfulness. There's a clear business reason: the leaders of iTu...

Narrator: Authors
Published: 06/18/2013

There's No Such Thing as Business Ethics There's Only One Rule for Making Decisions, John C. Maxwell
There's No Such Thing as "Business" Ethics
by John C. Maxwell

Best-selling author and expert on leadership John C. Maxwell claims there is only one rule for business.How does a person judge what is ethical? Sometimes it's clear. You know Enron's leaders were in the wrong. But is it always easy to see where th...

Narrator: John C. Maxwell
Published: 08/01/2005

Everybody Matters The Extraordinary Power of Caring for Your People Like Family, Bob Chapman
Everybody Matters
by Bob Chapman

"Bob Chapman, CEO of the $1.7 billion manufacturing company Barry-Wehmiller, is on a mission to change the way businesses treat their employees." - Inc. Magazine Starting in 1997, Bob Chapman and Barry-Wehmiller have pioneered a dramatically differ...

Narrator: Steven Menasche
Published: 07/01/2016

Doing Virtuous Business The Remarkable Success of Spiritual Enterprise, Theodore Roosevelt Malloch
Doing Virtuous Business
by Theodore Roosevelt Malloch

Can the concept of "Spiritual Capital" actually ensure a company's success? Critics of capitalism view big businesses as insatiable masters of the universe that hold little regard for the public, and label those who create wealth as greedy, malicio...

Narrator: Pete Larkin
Published: 03/31/2011

The Sociopath Next Door The Ruthless Versus the Rest of Us, Martha Stout
The Sociopath Next Door
by Martha Stout

Who is the devil you know? Is it your lying, cheating ex-husband? Your sadistic high school gym teacher? Your boss who loves to humiliate people in meetings? The colleague who stole your idea and passed it off as her own? In the pages of The So...

Narrator: Shelly Frasier
Published: 06/01/2005
{"id":"320810","ean":"9780739341988","abr":"Abridged","title":"The Last Tycoons: The Secret History of Lazard Freres & Co.","subtitle":"The Secret History of Lazard Freres & Co.","author":"William Cohan","rating_average":"0","narrator":"Robertson Dean","ubr_id":"628879","abr_id":"320810","ubr_price":"30.00","abr_price":"17.48","ubr_memprice":"19.50","abr_memprice":"11.36","ubr_narrator":"Robertson Dean","abr_narrator":"David Aaron Baker","ubr_length":"Unabridged: 32 hr 30 min","abr_length":"Abridged: 9 hr 10 min"}