Felix Rohatyn, a pioneer of Wall Street’s lucrative corporate-acquisition business who steered New York City from bankruptcy in the 1970s and remained an unelected guardian of its finances for almost two decades, has died.
Rohatyn’s death at his home in Manhattan on Saturday was reported by the New York Times, citing his son Nicolas. No cause of death was given.
Rohatyn, who advised Carey during negotiations over the panel’s creation, became chairman of the nine-member board in September 1975. Nine months later, Carey also named him to the state’s Emergency Financial Control Board, increasing his power over the city’s budget. With anti-Semitism on the rise in Europe in the 1930s, Rohatyn’s parents moved their family to Romania, then to France. After they divorced, Rohatyn, at 8, was sent to a French-speaking boarding school in Switzerland. By the time he rejoined his mother in Paris, she had a new husband, Henry Plessner, whose precious-metals company did business with Lazard Freres et Cie.
Much of Lazard’s early acquisitions work was in support of ITT’s buying spree under then-Chairman Harold Geneen, the executive widely credited with creating the multinational conglomerate.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
'We're the dads who started a hair school'The Yorkey Dads hair school meet every month to learn new techniques and designs to help them help their daughters. Via BBCNews
Read more »
New York City could become a hotbed for contactless payment adoption in the US - Business InsiderOne Metro New York, New York City's contactless transit system, has recorded over 4 million taps since launching in select subway stations on May 31.
Read more »
Gershon Kingsley, Moog Synthesizer Pioneer, Dies at 97Composer, conductor and electronic music pioneer Gershon Kingsley, who wrote the top 10 hit 'Popcorn' and played a pivotal role in popularizing the synthesizer sound, died Dec. 10 in New York.
Read more »
Cory Booker Reads to Rosario Dawson Over the Phone & Swoons Over Her in SpeechesThey literally want to spend every minute with each other. ❤️❤️
Read more »