(Wasserstein and his first wife, Laura Lynelle Killin, had divorced in 1974, after six years of marriage.) I won.’”. “It was one of those moments in life where I knew I had met a rare individual. The mystery shrouding Bruce Wasserstein’s death, last October, at 61, fit the billionaire investment banker’s M.O. Then there is the seemingly straightforward question of precisely how Wasserstein died, three days after being hospitalized suddenly in New York with “heart palpitations” experienced in the backseat of his chauffeur-driven sedan, according to a former colleague. Perella says he has never spoken to Forbes about the split but explained, “Some marriages last forever. In January 2008, Wasserstein wrung from his handpicked board of directors a new five-year employment contract that paid him $900,000 a year in salary, plus an annual unspecified bonus, plus 2.7 million shares of Lazard, worth just under $100 million the day the deal was struck. He could convince the board, and he took it.”, A number of senior Lazard partners ended up screaming at the board members once they had heard about the new deal: “Who cares? In the pictures for the BusinessWeek article, Wasserstein looked thinner, heavily made-up, and awkwardly posed in his Savile Row suit. He first encountered the young, disheveled, and brilliant Bruce Wasserstein in 1976, when Wasserstein was an energetic associate at Cravath Swaine & Moore, the white-shoe Wall Street law firm. It was caring, but weird.” Larry Grafstein, the head of M&A at Rothschild in New York, who worked for Wasserstein for years at Wasserstein Perella and at Lazard, wrote in an essay in The New Republic how exasperating that aspect of Wasserstein’s personality was. Lucy Jane Wasserstein photos, including production stills, premiere photos and other event photos, publicity photos, behind-the-scenes, and more. https://www.jpost.com/Arts-and-Culture/Books/What-Wendy-knew Use of this site constitutes acceptance of our User Agreement (updated as of 1/1/21) and Privacy Policy and Cookie Statement (updated as of 1/1/21) and Your California Privacy Rights. “And I realized the wisdom of what Reichstetter said. What if Disney acquired BOTH Pixar and Studio Ghibli back in 2006?/Mario’s Mushroomy Tales, https://the-idea.fandom.com/wiki/Lucy_Jane_Wasserstein?oldid=64203. Less than a year later, in 1977, by offering to double his salary to $100,000, Perella persuaded Wasserstein to join him at First Boston (now Credit Suisse) to help build the mergers-and-acquisitions group at the firm. “Bruce and Kathleen had a very, very animated discussion about politics and the present state of political affairs. “If you want to look at him in the best light, you would say he just had an incredible view of himself. The guests and his colleagues tried unsuccessfully to interrupt several times. “I remember hearing somebody say, ‘How can the guy take that kind of money and walk down the hall in front of us?’ Or ‘How can he face his partners after doing that?’ And somebody answered with words to the effect of ‘He’s not even thinking that way.’ Where the average guy would be embarrassed, that just wasn’t Bruce’s personality. Finally, the finance minister said, ‘Excuse me, Mr. Wasserstein. In December 2005, seven months after he engineered the initial public offering of Lazard—after which the firm was required to make regular public disclosures to the Securities and Exchange Commission and to investors about finances and material events—Wasserstein gave two interviews in which he said he had just recovered from pneumonia and several bouts of the flu. Ad Choices. Joe Perella recalls how “Bruce’s standard diet was hamburger for lunch, shrimp cocktail and steak for dinner. © 2020 Condé Nast. When Wasserstein, the head of investment firm Lazard and the owner of New York magazine, died suddenly at 61 in 2009, he left behind an estimated $2.2 billion fortune, a … He had lost his relevance. He went on to have two more sons, Jack and Dash, with his third wife, Claude Becker, a former CBS News producer.) 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