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The Last Tycoons by William D. Cohan Summary

The Last Tycoons
William D. Cohan
3.86 (1202 Reviews)
Business
Finance
Biography
Overview
Key Takeaways
Author
FAQs

Overview of The Last Tycoons

Peek inside Wall Street's most secretive investment bank with this FT/Goldman Sachs award-winning expose. What power plays and explosive feuds built a financial empire that sent shockwaves through the entire industry when its secrets were finally revealed?

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1

The Mystique of Lazard Frères

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Lazard Frères & Co., one of the most secretive and influential banks in international high finance, has long been shrouded in mystery. For over a century, this elite investment bank has fueled fantasies of colossal fortunes and merciless struggles for domination in the investment banking sector. As someone who spent six years working at Lazard Frères in New York before moving on to other roles on Wall Street, I have had a unique vantage point from which to observe and chronicle the inner workings of this enigmatic institution. Lazard Frères was founded in the mid-19th century, and its history is intertwined with the Lazard family, who first entered the world of finance through marriage. The bank's involvement in significant financial events, such as the California gold rush, and its rivalry with the Rothschild bank, have contributed to its legendary status. Mergers and acquisitions are the firm's specialty, and private equity transactions are its second most important activity.

2

The Era of André Meyer and Felix Rohatyn

3

The Rise and Fall of Michel David-Weill and Bruce Wasserstein

4

The High-Stakes World of Lazard Frères

5

The Legacy of Lazard Frères

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"Reading used to feel like a chore. Now it’s just part of my lifestyle."

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"Feels effortless compared to reading. I’ve finished 6 books this month already."

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@Matt, YC alum
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"Reading used to feel like a chore. Now it’s just part of my lifestyle."

@Erin, Investment Banking Associate , NYC
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"Feels effortless compared to reading. I’ve finished 6 books this month already."

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"BeFreed turned my guilty doomscrolling into something that feels productive and inspiring."

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