Felix Rohatyn

"In the early eighties, I’d begun collecting relationships. For instance, I reached out to Felix Rohatyn, the Lazard Frères banker who had almost single-handedly rescued New York City from bankruptcy in the seventies, and who was on the board of MCA and had Lew Wasserman’s ear. I called and asked to see him, saying, “I need no more than ten minutes of your time.” On my next trip to New York, I went to his office, shook hands, and placed my watch on his desk. Then I said, “I’d love to talk to you about how you saved New York, and also how you advise Lew—to learn from the Dean. And I’d love to be helpful to you in L.A. in any way I can.” All to get him talking and to show that I knew what he’d done and that I admired it and wanted to learn from it. After ten minutes, I said, “Thanks so much,” and stood to pick up my watch. Felix—and everyone else I used this stratagem on—asked me to sit back down. In this way I got to know Herb Allen, the head of Allen & Co., and Bob Greenhill at Morgan Stanley, and I’d always drop in on them when I was in New York—as well as on Mort Janklow and fifteen other book agents, a number of figures in the art world, and our clients Meryl Streep, Mike Nichols, Al Pacino, Sidney Lumet, Bob De Niro, and Marty Scorsese. The relationships outside entertainment would prove useful to CAA in the plans I was beginning to develop. They’d be our bridges to a wider world."

"At that 1982 session, Joseph and the others drew up a list of the people who were the stars of the M& A world. It included Martin Siegel of Kidder, Peabody; Eric Gleacher of Lehman Brothers; Bruce Wasserstein of First Boston; Felix Rohatyn of Lazard Frères; Ira Harris of Salomon Brothers—and lawyers too, like Martin Lipton of Wachtell, Lipton, Rosen and Katz, and Joe Flom of Skadden, Arps, Meagher, Slate and Flom."

"At that 1982 session, Joseph and the others drew up a list of the people who were the stars of the M&A world. It included Martin Siegel of Kidder, Peabody; Eric Gleacher of Lehman Brothers; Bruce Wasserstein of First Boston; Felix Rohatyn of Lazard Frères; Ira Harris of Salomon Brothers—and lawyers too, like Martin Lipton of Wachtell, Lipton, Rosen and Katz, and Joe Flom of Skadden, Arps, Meagher, Slate and Flom."

"This was not my first exposure to a family-owned media business. I owned a small media company headquartered in Phoenix, Arizona, in the 1970s. And in 1986, I pursued an investment in the Pulitzer Publishing Company, a very successful family-owned and -operated business. The deal was brought to me by Felix Rohatyn, a partner in the investment firm Lazard Freres. Flush with cash from the divest¬ ment of the Irvine Ranch and a major investment in the Taubman Company portfolio by the General Motors Pension Trust, I asked Felix to keep his eyes open for promising opportunities."

""The art of Michel David-Weill was to keep Felix Rohatyn and Antoine Bernheim, who were the engines behind the firm, while restraining them from taking over his office,""