"He never would give an inch": Interview with WL, June 30, 2005.
"Bill wrote it down": Interview with a Lazard partner.
"I would always say": Interview with WL, June 30, 2005.
"cohesive plan or organization": WL memorandum to MDW, August 4, 1992.
"After some fearful hesitation": WL memorandum to MDW, August 13,1992.
"Look, it's not important": Ibid.
"underlying causes" of the problems: Ibid.
"I am viewed by Damon": Ibid.
"in the wake of difficulties": NYT, October 2, 1992.
"Those responsible for the capital raising": Kim Fennebresque memorandum to WL, August 12, 1992.
"an empty suit": Interview with Mezzacappa, August 2, 2004.
"The purpose in telling you now": WL to MDW, August 12, 1992.
"As importantly, I want you to know": Ibid.
"There was a cabal": Interview with a Lazard partner.
"There absolutely was a cult": Interview with Kim Fennebresque, October 19, 2004.
"I think Bill does have qualities": Interview with Mezzacappa, August 2, 2004.
"Steve Rattner and Kim Fennebresque": MDW memorandum, September 22, 1992.
"What the fuck was that": Interview with Fennebresque, October 19, 2004.
"decided he was going to decapitate": Interview with SR, September 14,2004.
"Someone told me Loomis": Interviews with Fennebresque, October 19 and 25, 2004.
"I didn't want to do it": Ibid.
"because I was a colorful": Ibid.
"I mean, what the fuck?": Ibid.
"I was unbelievably morose": Ibid.
"Steve Rattner was a luminary": Ibid.
"I thought managing the Lazard partners": Ibid.
"I had zero illusions": Ibid.
"Virtually every reporter": Interview with SR, September 14, 2004.
"Bruce was king": Interviews with Fennebresque, October 19 and 25, 2004.
"I got fired": Ibid.
"Everyone was dying": Ibid.
"The letter was unbelievably": Ibid.
"I wonder if you would": Ibid.
"I was raised Catholic": Ibid.
"talking about everything": Ibid.
"I went in and spent": Ibid.
"And it says such and such": Ibid.
"thirty seconds"..."If it takes longer": Ibid.
"Aah, it's not a good time": Ibid.
"Jeez, that's kind of low": Ibid.
"Can you take it": Ibid.
"Fiercely blunt": WL eulogy of Jim Glanville, September 1992.
"They asked us to consider": WSJ, January 3, 1989.
"You should view our investment": WSJ, June 28, 1991.
"clearly chose to work with us": Ibid.
"in a fraud-and-embezzlement scheme": WSJ, August 18, 1992.
"trying to shift the blame": WSJ, November 2, 1992.
Corporate Partners' performance: Interview with Jonathan Kagan, October 18, 2005, and Corporate Partners' returns documentation.
"Felix liked to walk the halls": Interview with SR, September 14, 2004.
first New York Times op-ed piece: Steve Rattner, "Short-Term Stimulus? Long-Term Error," NYT, November 17,1992.
"Del Guidice was really more": Interview with a Lazard partner.
"a nice guy who was": Interview with Mezzacappa, August 2, 2004.
"Ferber and Poirier were two": Interview with a Lazard partner.
"Del Guidice had two guys": Interview with a Lazard partner.
"We had selected Prudential": WSJ, May 21, 1993, p. 1.
"lying, making unauthorized trades": Ibid.
"getting even with Poirier": Interview with a Lazard partner.
"We are dismayed by the article": WSJ, May 22, 1993.
"tinkering with tenths": Interviews with Fennebresque, October 19 and 25,2004.
"If you go back in time": Interview with SR, September 14, 2004.
"You asked that I try to articulate": SR memorandum to MDW, May 24,1993.
"summer evening" and "bullshitting": Interviews with Fennebresque. October 19 and 25, 2004.
"The problem is, you know": Ibid.
"I've got that message, pal": Ibid.
"And this guy didn't know": Ibid.
"Dumb idea? Okay": Author observation of Michael Price.
Chapter 13. "Felix Loses It"
"The clouds are parting just a bit": "Rattner's Star Rises as a Deal Maker at Lazard Freres," WSJ, November 10, 1993.
"did not obviously completely appreciate": Interview with a Lazard partner.
"Most other senior Lazard bankers": "Rattner's Star Rises."
"biggest rainmaker": "Felix Rohatyn in Autumn," NY, November 29, 1993.
"He said, 'You've worked very hard'": Interview with SR, September 14, 2004.
"Among the financial wizards involved": Ed Klein, "Paramount Player," Vanity Fair, January 1994.
"Paramount was Ira's relationship": Interview with Damon Mezzacappa, August 2, 2004.
"Everybody in the firm knows": Interview with a Lazard partner.
"Today, when C.E.O.'s want": Klein, "Paramount Player."
"Andre Meyer used to say": Ibid.
"upright, self-depriving attitudes": Ibid.
"because we don't need": Ibid.
"At times, it crosses my mind": Ibid.
"Michael J. Fox of investment banking": Ibid.
"Felix has always been a problem": Ibid.
"Talking about an heir": Ibid.
"We're all worried for Steve": Ibid.
"Felix went berserk": Suzanna Andrews, "Felix Loses It," New York, March 11, 1996.
"Of course Felix was pissed": Ibid.
"Felix ran that deal": Ibid.
"He goes hot and cold": Interview with a Lazard partner.
"a real oh-shit moment": Andrews, "Felix Loses It."
"Marty went berserk": Interview with SR, September 14, 2004.
"Steve made it seem": Andrews, "Felix Loses It."
"That's bullshit": Ibid.
"horror" and "one of the most awful": Interview with FGR.
"Steve was almost fired": Andrews, "Felix Loses It."
"I have the utmost respect": Interview with Mezzacappa, August 2, 2004.
"But I really wasn't doing much": Interviews with Kim Fennebresque, October 19 and 25, 2004.
"I was unbelievably happy": Ibid.
"My guess is that in the end": Ibid.
"When I ran banking": Interview with SR, September 14, 2004.
"I didn't and I still don't": Ibid.
"When Steve arrived at the firm": Interview with Mezzacappa, August 2, 2004.
"The guy's a good guy": BG, February 5, 1993.
"In our view and in the view": BG, March 10, 1993.
"select Merrill Lynch": BG, June 21,1993.
"while by no means illegal": Ibid.
"I'm not telling you it's pretty": Ibid.
"the investment banker who played": BusinessWeek, September 6, 1993.
"I believe that our best assets": WL memorandum to Mel Heineman and MDW, September 9, 1993.
"so extraordinary": Robert A. Cerasoli's report to Governor William Weld, "MWRA: Report on the Procurement of Financial Services," December 16, 1993.
"become the focus of federal and state": BG, December 17, 1993.
Thanks to Lissack's call: Numerous press accounts, but see especially Henry Scammell, Giant Killers (New York: Atlantic Monthly Press, 2004).
"Lazard was told by the feds": Interview with a Lazard partner.
thirty-four-hundred-word article: Leslie Wayne, "A Side Deal and a Wizard's Undoing," NYT, May 15, 1994.
"Many of you undoubtedly read": MDW memorandum, May 17, 1994.
"The New York partners": Ibid.
"Seldom do you see": Wayne, "Side Deal."
"I'm a bit worried that IBM": Interview with Jim Manzi, March 15, 2005.
"'You know, Clinton really likes you'": Interview with FGR, January 3, 2005.
"Runn
ing a big bureaucracy": Ibid.
"I didn't want the World Bank": Andrews, "Felix Loses It."
"The elevator opened into a massive": Michael Wolff, "The Clark Kent Timesman," New York, November 10,2003.
"The subject is so provocative": Broadcasting & Cable, September 18 and 25, 1995.
"Why would you go to a video store": Ibid.
"Oh, Felix, go back to bed": Andrews, "Felix Loses It."
"There are lots of young": "The New Establishment," Vanity Fair, October 1995.
"That last article was bad": Andrews, "Felix Loses It."
SR's real estate transactions and activities in Martha's Vineyard: From public records and from ongoing press reports, from 1994 to 2006, in the Vineyard Gazette.
Account of Ferber's indictment and Lazard settlement: Leslie Wayne, NYT, October 27, 1995.
Lazard statement about its settlement with the SEC and the Commonwealth of Massachusetts: October 26,1995.
"He was upset that his name": Interview with a Lazard partner.
"We're friends": Bob Woodward, Maestro (New York: Simon & Schuster, 2000), p. 155.
"We'll have a really interesting debate": Ibid. The analysis of the "politics" of the appointment also from ibid.
"That didn't make Michel happy": Andrews, "Felix Loses It."
"Why are you doing it": Woodward, Maestro, p. 156.
"squelch[ing] dissident thoughts": Ibid.
"You're crazy": Interview with FGR, January 3, 2005.
"Unlike some previous Fed vice chairmen": WSJ, January 19, 1996.
"R-O-H-A-T-Y-N spells stagflation": Time, February 26, 1996.
"What will happen if we send you": Woodward, Maestro, p. 162.
"financier-pundit Felix Rohatyn": Paul Krugman, "Stay on Their Backs," NYT Magazine, February 4, 1996.
"An example of what should not be done": Transcript of President Clinton's speech at the Sheraton New York, February 15, 1996, from Clinton Foundation.
Felix had already left: Interview with FGR, January 3, 2005.
"Michel has been buttressing himself": Andrews, "Felix Loses It."
"Felix is angry and bitter": Ibid.
"I don't believe Felix ever intended": Interview with Suzanna Andrews, November 9, 2005.
"Steve is so monomaniacal": Andrews, "Felix Loses It."
"I hope you throw away your notebook": Interviews with SR, September 14, 2004, and Suzanna Andrews, November 9, 2005.
"in the past few years": Andrews, "Felix Loses It."
"there is a perception": Ibid.
"You have to understand" and other quotations: Andrews, "Felix Loses It."
"The son is getting too successful": Ibid.
"It is almost a crime": Ibid.
"Culture change is hard": Interview with Arthur Sulzberger Jr., March 29,2005.
"The success and the dysfunction of Lazard": Andrews, "Felix Loses It."
Chapter 14. "It's a White Man's World"
"And here they are at twenty-five thousand feet": Interview with a Lazard partner.
"I have never seen it to that extent": Interview with MDW, November 30,2005.
"She has this house with birds": Suzanna Andrews, "The Scion in Winter," Vanity Fair, March 1997, p. 276.
"Fees for services rendered": Interview with a Lazard partner.
Interview with a Lazard partner, October 27, 2006.
"half of Michel is better": Interview with MDW, January 31, 2005.
"My wife, who is not terribly sensitive": Interview with MDW, November 15, 2006.
"He adored his girls": Interview with a longtime Lazard observer.
"Felix, why don't you go": Interviews with Lazard partners.
"No, it didn't happen": Interview with FGR, May 25, 2005.
"Getting into our building": Interview with Alan McFarland, April 5, 2005.
"moved from bachelor around town": Ibid.
two hookers: Interviews with Lazard partners.
"When I was there": Interview with a Lazard banker.
"Like all these beautiful young girls": Interview with a Lazard partner.
"And sure enough": Interview with a Lazard partner.
"Lazard being the way it is": Interview with a Lazard partner.
"I think the firm was small": Interview with WL, June 30, 2005.
"We were kind of": Ibid.
"She'd been there for a couple of months": Interview with a Lazard banker.
"It was a very small firm": Interview with Mina Gerowin, January 6, 2005.
"I told him to fuck off": Ibid.
"I'm so frosted at this": Ibid.
"He heard what was happening": Ibid.
"So did these things happen?": Ibid.
"You'd walk into their office": Ibid.
"I don't know why she's here": Ibid.
"Why are we firing Mina?": Ibid.
"It was so brutal": Ibid.
"You're not being very productive": Ibid.
"From the beginning": Interview with a Lazard partner.
"Why don't you just go home": Interview with a Lazard partner.
"And while we were one": Interview with Kathy Kelly, April 6, 2005.
"And it was the beginning": Ibid.
"utils," "cogs in the machine": Interview with a Lazard partner.
"Obviously that's where it becomes": Interview with a Lazard banker.
"It's a white man's world": Interview with a Lazard banker.
"I believe that Bill Loomis": Interview with Kelly, April 6, 2005.
"I remember Michel saying to me": Interview with Christina Mohr, January 6, 2005.
"I think that Christina Mohr": Interview with WL, June 30, 2005.
"Basically she came back": Interview with a Lazard partner.
"Michel sent us over there": Interview with a Lazard partner.
"And there were no walls": Interview with Kate Bohner, May 2, 2005.
"Remarkably, it wasn't as jarring": Kate Bohner, "Stiletto Feminists," George, August 2000.
"I was very naive": Interview with Bohner, May 2, 2005.
"still wouldn't have been": Ibid.
"Back then, if I was a client": Ibid.
"I lived at Claridge's": Ibid.
"I didn't understand": Ibid.
"I don't understand why a girl": Ibid.
"It was sort of just like constant": Ibid.
"She's getting killed": Ibid.
"When somebody confronted me": Ibid.
"The tally of people": Interview with a Lazard partner.
"I think that it is a remarkable": Interview with Kelly, April 6, 2005.
"blissfully unaware": Interview with FGR, May 25, 2005.
"Without going into personalities": Interview with a Lazard banker.
regular visitor to Bohner's office: Interview with Bohner, May 2, 2005.
Account of a senior vice president at Bohner's apartment: Interviews with Bohner (May 2, 2005), Mary Conwell (August 2006), and Lazard partners.
"throw me into a brick wall": Interview with Bohner, May 2, 2005.
"If I had gone to Bill Loomis": Ibid.
"I was embarrassed by the whole situation": Ibid.
Account of Kate Bohner's relationship with Ward Woods: Ibid.
"There were a series of very difficult": Interview with WL, June 30, 2005.
"I'd say, in 1980": Ibid.
"Kate came into my office": Interview with a Lazard partner.
"Then all of a sudden": Ibid.
"And of being a class act": Ibid.
Account of Robert Agostinelli incidents: Interviews with Lazard partners.
Account of Kate Bohner's post-Lazard activities: Interview with Bohner, May 2, 2005, and press accounts.
Chapter 15. The Heir Apparent
"We are at our very core": MDW memorandum, March 1, 1996.
"The article in New York Magazine": FGR memorandum, March 4, 1996.
"There's absolutely no excuse": Interview with FGR, January 3, 2005.
"Look, what happened, happened": Ibid.
"He's a complicated guy": Interview with SR, September 14, 2004.
"We were both viewed in the firm": Ibid.
"She was a dreadful woman": Interview with FGR, January 3, 2005.
"Which wasn't quite true": Ibid.
"They ought to have somebody": Ibid.
"And I said to Elizabeth": Ibid.
"You know, Mr. Rohatyn": Ibid.
"So I gave that to Vernon": Ibid.
"There is still no decision": Ibid.
"really, really terrible": Ibid.
Perella denied: Author's e-mail correspondence with Perella, March 17,2006.
"He had immense charm": Bryan Burrough, "The Man in the Latex Suit," Vanity Fair, July 2005.
three facets of the Stern biography: From press accounts--especially Burrough, "Man in the Latex Suit"; Kate Bohner Lewis, "I Just Detest Incompetence," Forbes, November 20, 1995; and Suzanna Andrews, "The Scion in Winter," Vanity Fair, March 1997--and interviews with Jeffrey Keil on January 26, 2006, and March 8, 2006.
partridge, pheasant, and duck shoot: Interviews with Keil.
"I knew this was the way": Bohner Lewis, "I Just Detest Incompetence."
"True, it was the family bank": Ibid.
"Everyone said Edouard stole": Burrough, "Man in the Latex Suit."
"the person she had loved": Interview with MDW, April 12, 2005.
"Edouard was like a tornado": Le Nouvel Observateur, March 10, 2005.
"Beware of self-made men": Andrews, "Scion in Winter."
"The single most distinctive": Burrough, "Man in the Latex Suit"; and interviews with Keil.
"Those of you who trust me": "Stern: La mort enigmatique d'un homme presse," Le Figaro, March 12, 2005.
"Edouard sauntered onto the plane": Interview with Jon Wood, February 1,2005.
"He always wanted to challenge": Burrough, "Man in the Latex Suit."
Account of investigation into Stern's purchase of Consolidated Gold shares: British Department of Trade and Industry, chap. 19, pp. 576-90, published in book form in 1994.
"were concerned to ascertain": Ibid.
"deliberately failed to ensure": Ibid.
"There is no evidence": Ibid.
"I see it as a learning experience": Bohner Lewis, "I Just Detest Incompetence."
"In Paris there were people": Interview with MDW, December 1, 2004.
crook: Interview with a Lazard partner.
"I think it had a huge impact": Interview with a Lazard partner.
"He can be absolutely": Andrews, "Scion in Winter."
"There was only one person": Interview with a Lazard partner.
"When things didn't go exactly": Burrough, "Man in the Latex Suit."
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