Bruce Wasserstein, Lazard Chief, Dies

[brooklynite]

Source: NY Times

Bruce Wasserstein, a Wall Street investment banker who helped pioneer the hostile takeover in the 1980s and reshaped the mergers and acquisitions business into a high-priced art, died Wednesday.

Mr. Wasserstein, 61, was the chairman and chief executive of Lazard. The cause of death could not be immediately learned, though he had been hospitalized earlier this week for what was described as an irregular heartbeat.

Read more: http://dealbook.blogs.nytimes.com/2009/10/14/bruce-wasserstein-lazard-chief-dies/?hp

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More details on Lazard

[valerief]

1. Ken Layed or Not Ken Layed?

Whenever big money dies early, I always wonder if it's a death of convenience.

[kenny blankenship]

2. Went out at the top. Didn't he make $150 million last year?

Now his heirs get to piss it away.

[UpInArms]

12. just in time to take the estate without taxes eom

[mr_hat]

3. This news is what, 35 years old?

Morrison died in a bathtub in Paris, end of story.

[kenny blankenship]

5. Not Lizard King. Lazard Chief.

I blame the acid.

[Gidney N Cloyd]

7. Not a gecko, as in Gordon, either, I suppose.

[alfredo]

14. That brown acid did a lot of us in.

[imdjh]

4. May Rex Tillerson be next, if God has a sense of justice.

[Demeter]

6. Sacrificed for a Closing Above 10,000, I'll Wager

[notadmblnd]

8. I wonder how much $$ he got to take with him?

[mnhtnbb]

9. How sad for Lucy, Wendy Wasserstein's daughter, who was left

motherless at a young age--less than 10 I think--when Wendy died of cancer. Her brother, Bruce,
became Lucy's guardian, and now he's dead.

Y'know, a little compassion for people--regardless of their wealth--might be a good idea.

[thelordofhell]

10. Have fun in Hell

Guess he just couldn't fit that camel through the eye of the needle.

[Gedankenaustausch]

11. cause of death...

karma, it's a bitch eh?

[srf Rantz]

13. hits close to home

my brother is his landscape contractor on one of his estates on the west coast. He paid him more a month than I make a year. he wasn't stingy with his dough apparently. that one account kept my brother's business alive for years. no idea what will happen now.

and seven kids and his sister's kid lost their Dad today. just being rich or being a wall street dealmaker doesn't automatically guarantee someone a place in hell or a place on the DU shitlist.

just sayin'...

but he could be an asshole too.

or not...