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The Last Tycoons: The Secret History of Lazard Freres & Co. Hardcover – 1 May 2007
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"Cohan's portrayal of the firm's dominant partners--whose gargantuan appetites and mercurial habits provide the unifying force behind the book's operatic melodramas-- makes this an epic . . . In fact, " The Last Tycoons" bears a striking resemblance to F. Scott Fitzgerald's" The Last Tycoon.""
"--New York Times Book Review
"Breezy and highly readable . . . For those of us who enjoy high-level gossip (most people) and an inside look at the machinations, triumphs, failures, and foibles of some of Wall Street's and America's most exalted personages, Cohan's book is entertaining and seductively engrossing."
"Cohan's thoroughness--he interviewed over 100 current and former bankers and assorted bigwigs--unearths a trove of colourful titbits, many quite racy . . . Illuminating are Mr. Cohan's descriptions of the scheming, politicking, and general dysfunction that was Lazard."
"Cohan not only knows where the bodies are buried but got a guided tour of the graveyard."
"["The Last Tycoons"] has sent a jolt through Lazard and the rest of Wall Street."
"--Wall Street Journal"
"From the Trade Paperback edition."
Cohan s portrayal of the firm's dominant partners whose gargantuan appetites and mercurial habits provide the unifying force behind the book s operatic melodramas makes this an epic . . . In fact, The Last Tycoons bears a striking resemblance to F. Scott Fitzgerald s The Last Tycoon.
New York Times Book Review
Breezy and highly readable . . . For those of us who enjoy high-level gossip (most people) and an inside look at the machinations, triumphs, failures, and foibles of some of Wall Street s and America s most exalted personages, Cohan s book is entertaining and seductively engrossing.
Cohan's thoroughness he interviewed over 100 current and former bankers and assorted bigwigs unearths a trove of colourful titbits, many quite racy . . . Illuminating are Mr. Cohan s descriptions of the scheming, politicking, and general dysfunction that was Lazard.
Cohan not only knows where the bodies are buried but got a guided tour of the graveyard.
[The Last Tycoons] has sent a jolt through Lazard and the rest of Wall Street.
Wall Street Journal
From the Trade Paperback edition."
About the Author
WILLIAM D. COHAN, a former award-winning investigative newspaper reporter in Raleigh, North Carolina, worked on Wall Street for seventeen years. He spent six years at Lazard Freres in New York and later became a managing director at JP Morgan Chase. He lives in New York City and Columbia County, New York."
Top Customer Reviews
This book traces the history of Lazard's from its' humble beginnings (as a merchant) to the sort of bank that the 99%ers have come to love to hate. It's an interesting book. Breezy to read at first but kind of depressingly gossipy towards the end, when we learn how the once great bank became almost unmanageable in the 1970s through to the 1980s when internal management controls were barely heeded at all.
You'll enjoy the book, but you'll get depress by then end, when you realise that behinf the facade, there were times that a venerable old bank would buckle under their weight of their poor management practices.
Also many of them seemed to be pretty incompetent.
I think that some people might find it to be perhaps a bit too long and it can be a bit uneven.
There are lots of great anecdotes and unusual characters in the book. It shows that Investment banking has probably always attracted the "morally challenged"
- As a Brit, I object to definitions of the Inland Revenue as "the UK version of the IRS", as though everyone reading the book would know what the IRS is but be ignorant to what the Inland Revenue was, and saying the Department of Trade and Industry is "the UK equivalent of the SEC" is just plain wrong.
- I found the constant lengthy gratuitous asides really annoying. For example, in the middle of a description of a power struggle between the head honchos, which is really interesting, we spend 2 full pages talking about cigars, and their importance to the history of Lazard. I DON'T CARE.
- I really don't understand why the ITT tax case and investigation was drawn out for so long. It is really technical and it bored me, and as an accountant I am used to long boring technical stuff.
All that said, once you get over the ITT case, the pace picks up and the story takes over. Worth a read.
Most Recent Customer Reviews
Boring, didn't finish it, I got about 2/3rds through I think. Read (or nearly read it) ages ago now, made no impression on me whatever other than being boring. Read morePublished on 16 Sept. 2014 by Amazon Customer
Nice read but vies off on alternative stories and characters quite frequently affecting attention.Published on 31 Aug. 2014 by Triathlete franz
If investment banking and the history of big deals fascinate you, getAbstract invites you to sit down with this compelling history of Lazard Frères & Co. Read morePublished on 16 Mar. 2009 by Rolf Dobelli
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