SUMMARY - The Last Tycoons: The Secret History of Lazard Freres & Co. by William D. Cohan

* Our summary is short, simple and pragmatic. It allows you to have the essential ideas of a big book in less than 30 minutes.


*By reading this summary, you will discover the secret history of the Lazard Bank.


*You will also learn that : the income of the former CEO of Lazard Freres from 1975 to 2001 reached 100 million dollars a year; mergers and acquisitions are the great specialty of Lazard Frères; the Lazard bank participated in the California gold rush; the Lazard bank is the great rival of the Rothschild bank; it was through marriage that the Lazard family first came into contact with the world of finance; private equity transactions are the second most important activity of Lazard Frères.


*Lazard Freres is considered the most secretive and influential bank in international high finance. Its family shareholders, who have long exempted it from publishing certain information, provided management and profits with a degree of opacity that was as maximum as it was welcome. For well over a century, Lazard Freres has fueled fantasies of colossal fortunes and merciless struggles for domination of the investment banking sector. A story that William D. Cohan, who worked for six years at Lazard Frères New York before taking on other positions of responsibility on Wall Street, recounts with maestria.


*Buy now the summary of this book for the modest price of a cup of coffee!