Author:William D. Cohan
William D. Cohan's The Last Tycoons: The Secret History of Lazard Frères & Co. is the astonishing story of the world's most elite and legendary investment bank - and the men who reigned over it all.
For over 150 years Lazard Frères had stood apart from other Wall Street firms by offering ultra-wealthy clients the wisdom of its 'Great Men': from Felix Rohatyn, the escapee from Nazi-occupied France turned financial genius, to Michel David-Weill, the inscrutable French billionaire 'Sun King'; from Steve Rattner, the boy wonder from Long Island who clashed violently with the old guard, to larger-than-life CEO Bruce Wasserstein, 'Bid-Em-Up-Bruce', who broke with the bank's traditions and made himself billions in the process. They amassed unimaginable fortunes and would stop at nothing to make a deal, until their titanic egos started to jeopardize everything.
In The Last Tycoons William Cohan, himself a former high-level Wall Street banker, takes us into their mysterious and secretive world, telling a story of ruthless ambition, whispered advice, explosive feuds, glamorous mistresses, decadent excesses and unimaginable wealth.
'Spellbinding'
Financial Times
'A definitive account ... it lives up to the billing'
The Times
'Has sent a jolt through Lazard and the rest of Wall Street'
Wall Street Journal
William D. Cohan was an award-winning investigative journalist before embarking on a seventeen-year career as an investment banker on Wall Street. His first book, The Last Tycoons, about Lazard, won the 2007 Financial Times/Goldman Sachs Business Book of the Year Award and was a New York Times bestseller. His second book, House of Cards, also a bestseller, is an account of the last days of Bear Stearns & Co. He is also the author of Money and Power: How Goldman Sachs Came to Rule the World.
Riveting … a genuine page-turner
—— Will HuttonSpellbinding
—— Financial TimesA definitive account … it lives up to the billing
—— The TimesHas sent a jolt through Lazard and the rest of Wall Street
—— Wall Street JournalAn epic
—— The New York TimesTerrifying and superbly told
—— Daily TelegraphGenius
—— Sunday TimesCompelling and horrifying
—— GQA more than worthy successor to Liar's Poker ... if you want to know about the origins of the credit crunch, and the extraordinary cast of misfits, visionaries and chancers who made money from the crash, there's no more readable account
—— Daily TelegraphA triumph ... riveting ... a genuine page-turner
—— TimesThe very best book about this whole affair
—— John Lanchester, author of 'Whoops!'If you read only one book about the causes of the recent financial crisis, let it be Michael Lewis's The Big Short
—— Washington PostFor those brave enough, Creativity Inc. is a call to strive for the very best, with, just as importantly, precuise instructions as to how to go about it
—— Independent on SundayFascinating...A smart guide to getting the best out of employees and therefore the business
—— The TimesA great book for anyone interested in inspiring and managing creative talent (Books of the Year)
—— Financial Times , Lionel Barber, Editor of the Financial TimesAhamed unravels the story of the most terrible financial collapse in history from the perspective of the four men who were largely responsible: the leading central bankers in the United States, Britain, France and Germany
—— Mail on Sunday[a] very readable portrait of the bankers who allowed the Great Depression to happen
—— TelegraphPossibly the most important political book that I have read since The Spirit Level
—— Stuart Weir, co-founder of Charter 88, former editor of the New StatesmanHe has prised the lid off an important and terrifying can of worms
—— Martin Vander Weyer , Literary ReviewLively and well written book
—— Toby Young , Mail on SundayA welcome account of how the sun is never allowed to set on the British empire's old islands, whose fiscal pirates hoard the tax-free treasures of the rich
—— Geoffrey Robertson , New Statesman, Books of the YearShaxson delves into capitalism's secret nooks and tells us about how a culture of secrecy can perpetuate itself. Very interesting
—— William Leith , Evening StandardA compelling read [...] an important and very much a live topic, it'll take you a few hours to read the book but it will be a worthwhile investment of time
—— Peter Magee , BookbagWhat makes this such a good read for the layman is that the author employs all his journalistic skill (he used to work at Reuters) to illustrate his arguments and uses real examples to real examples to illustrate complex issues
—— John Arlidge , Sunday TimesThis book is a must-read for anyone who wants to understand the world we live in
—— Brian Maye , Irish TimesThis engrossing book about the offshore banking racket, with its eye-opening scrutiny of tax havens and the suited scoundrels who profit from them, will make you think again about the murkier side of the City...This first-rate forensic work ends with a plea that the closed City "must be abolished and submerged into a...fully democratic London"
—— Boyd Tonkin , Independent[An] informed polemic against finance capital
—— Oliver Kamm , The TimesNow more than a decade old, this is still the best introduction to the world of tax havens
—— Economist, *Summer Reads of 2022*
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