Felix Rohatyn
Felix Rohatyn
Felix George Rohatynis an American investment banker. He has spent most of his career with Lazard, where he brokered numerous large corporate mergers and acquisitions from the 1960s through the 1990s. In 1975, he played a central role in preventing the bankruptcy of New York City as chairman of the Municipal Assistance Corp.and chief negotiator between the city, its labor unions and its creditors...
NationalityAmerican
ProfessionBusinessman
Date of Birth29 May 1928
CountryUnited States of America
The whole market mechanism and its evolution is something that, I'm kind of of the Buffett School. You know, if I see a derivative, I run the other way.
In the 1970s, New York City avoided bankruptcy because wise political leaders like Gov. Hugh L. Carey believed both in strong labor unions and robust banks and companies.
At its core, banking is not simply about profit, but about personal relationships.
Investment banking is not a business; it is a personal service where bankers work hand in hand with their clients. And it is a service that must not simply be about making bigger and bigger deals that reap rewards for only a small group of executives.
Throughout U.S. history, competent public investments have been an essential complement to private investments - from the Louisiana Purchase, to land-grant colleges, to the Interstate Highway System, to the Internet.
Financial hydrogen bombs built on personal computers by 26-year-olds with MBAs.
Democracy cannot flourish half rich and half poor, any more than it can flourish half free and half slave.
What is desperately needed... is the skepticism and the sense of history that a liberal arts education provides.
The early years of my life were very, very traumatic. It was scary, because any child knew that death was sort of lurking around Europe as far as Jews were concerned.
I am a capitalist and I believe in making a profit.
Success in business, as in life, is often largely just a matter of luck.
Saving New York City from bankruptcy is like making love to a gorilla. You don't stop when you're tired; you stop when he's tired.