The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of Condé Nast. CHADWICK: Playwright Wendy Wasserstein speaking before a Washington D.C. audience in 1997. Lucy Jane Wasserstein photos, including production stills, premiere photos and other event photos, publicity photos, behind-the-scenes, and more. On August 2, 2006, after Lazard reported its second-quarter earnings, the Financial Times asked Steve Golub, who had been acting as the firm’s C.E.O. Wasserstein hated the nickname and felt betrayed by the press—which had previously fawned over him—but there was no disputing the story’s main premise, especially after both Allied Stores Corporation and Federated Department Stores Inc. filed for bankruptcy following a protracted takeover battle won by Wasserstein’s client Robert Campeau, a little-known Canadian real-estate developer, who offered much more than other bidders using primarily borrowed money that he was unable to pay back. Wasserstein had left his second wife, Christine Parrott, and their three children for Ash and then summarily dismissed her after he met Claude Becker, a tall, dark-haired French beauty. In December 2005, seven months after he engineered the initial public offering of Lazard—after which the firm was required to make regular public disclosures to the Securities and Exchange Commission and to investors about finances and material events—Wasserstein gave two interviews in which he said he had just recovered from pneumonia and several bouts of the flu. the firm would now be a shadow of its former self, assuming it was even still around. Lazard and Kraft’s other advisers, meanwhile, split a fee estimated at as much as $58 million. We’ve got to get to know him.”. 7,5 d. vind-ik-leuks. The driver called 911. In this chapter of his life, he was functioning on all cylinders, which is why his sudden demise was a surprise to all of us.” Asked about his “sudden demise,” this person says, “I would have thought you’d heard the story from lots of people. The arrhythmia caused him to lose consciousness. “He looked like a guy who had been going through chemo or something.” Inside the firm, the explanation was that he was suffering a prolonged bout of pneumonia. With stories about Wasserstein’s brilliant rise and the three different Wall Street firms he inspired, including his contentious final act as head of Lazard, the author profiles a master negotiator who made his own rules. “Nietzsche’s whole posit was that there are certain superhumans who are above the fray, above normal constraints,” a friend of Wasserstein’s once told me. 1999. In the pictures for the BusinessWeek article, Wasserstein looked thinner, heavily made-up, and awkwardly posed in his Savile Row suit. Trivia. “The less people know about you and your feelings, the more powerful your negotiating position will be—in everything. I go through these cycles. Always secretive, he withdrew further as his health apparently failed and his personal relationships turned tumultuous. The child's difficult birth was three months premature and is recorded in Wasserstein's collection of essays, Shiksa Goddess. Nine out of 10 things that came out of his mouth were crazy, or unfounded, or reflected a lack of attention to his audience and what their issues were. The book's final piece chronicles the difficult birth of Lucy Jane to Wasserstein, a single, first-time mother at 48. It was their most public meeting since Perella had left, in 1993. What if United Productions of America remains open? Lucy Jane Wasserstein. During the negotiations, he dared the board to fire him. chosen by an independent board of directors. Lucy Jane Wasserstein’s see-through mobile home was rolled to the front left corner of the N.I.C.U. Date of birth. Age. “Felix is a legend in our industry, and I am honored that he is returning to the firm that he helped to create,” Jacobs said in January. Last I read, Lucy Jane Wasserstein was being raised by her late uncle Bruce's former wife, who is also raising two sons, Lucy's cousins. Use of this site constitutes acceptance of our User Agreement (updated as of 1/1/21) and Privacy Policy and Cookie Statement (updated as of 1/1/21) and Your California Privacy Rights. In 1999, at age 48, Wasserstein had a daughter, Lucy Jane, born three month prematurely. Joe Perella recalls how “Bruce’s standard diet was hamburger for lunch, shrimp cocktail and steak for dinner. What if The Gumazing Gum Girl! (For unexplained reasons, the tax authorities in the state of New York allowed Wasserstein to get away with this gambit.) In his New Republic eulogy, Grafstein recalled how Wasserstein used to laugh about one particularly bungled meeting. He went on to have two more sons, Jack and Dash, with his third wife, Claude Becker, a former CBS News producer.) Although she wrote in detail about her pregnancy for the New Yorker, she went to lengths to keep her illness covered up, so that her death came as a surprise even to many close friends. The mystery shrouding Bruce Wasserstein’s death, last October, at 61, fit the billionaire investment banker’s M.O. Father: not yet announced. “I think he met some unexpected problem that caused his untimely end—very sad, amazingly sad,” says one of his longtime friends. What if Tezuka Productions started using on-screen logos in the 1960s? Ad Choices. Life After Wasserstein. “He left all the day-to-day work up to [newly appointed C.E.O.] The writer was 55 when she died of lymphoma in 2006. Despite his public persona he was also a very private person. Then, in February 2006, he disappeared from Lazard’s offices for four months. Rohatyn had heard that Wasserstein had been out of the office for several months and wondered why Lazard hadn’t disclosed that fact to the market. Then there is the seemingly straightforward question of precisely how Wasserstein died, three days after being hospitalized suddenly in New York with “heart palpitations” experienced in the backseat of his chauffeur-driven sedan, according to a former colleague. I mean, he was just useless.”, The argument coming from the board was that had Wasserstein left and the stock subsequently dropped they would have gotten sued. Our aunt, playwright Wendy Wasserstein brought her friends as dates. His condition was initially stabilized in the hospital. Many of Wasserstein’s former partners there think he then pressed his advantage at the firm in an unfair way, even as they acknowledge that had he not engineered the I.P.O. On behalf of the firm, Judi Mackey issued this statement: “Bruce was a visionary leader of the firm from January of 2002 until his untimely passing in October 2009. “It is a fact that he moved to London. Jacobs has been cleaning house of a number of Wasserstein’s close associates: for starters, vice-chairmen Donald Drapkin and Chuck Ward and longtime Wasserstein acolyte Doug Taylor have left the firm. Perella says he has never spoken to Forbes about the split but explained, “Some marriages last forever. You lost.’ Or ‘I won. I don’t really care if you lost. The approximately $7 billion bankruptcy filing was the largest ever in retailing at the time. What if Disney acquired BOTH Pixar and Studio Ghibli back in 2006? “Bruce was a consummate gentleman, a man of his word whose handshake was the same as a written agreement,” said Marty Lipton, the senior partner at Wachtell Lipton. He first encountered the young, disheveled, and brilliant Bruce Wasserstein in 1976, when Wasserstein was an energetic associate at Cravath Swaine & Moore, the white-shoe Wall Street law firm. Some marriages end in divorce. So I shouldn’t front-run them.”, Indeed, the story that lots of people are telling is that Wasserstein was living an unhealthy lifestyle. “The difference between his perception of his value and everybody else’s was a wide chasm,” one Lazard banker explains. “It was really quite special because they were arm in arm,” Toby Myerson explains. It was just a question of how long he would hang on. I don’t want to hear it.’”, Such behavior was typical of Wasserstein, a lusty contrarian who fantasized that he was exempt from life’s vicissitudes. Nobody knew more about Wasserstein, and in particular this aspect of him, than Perella, the founder of First Boston’s fledgling mergers-and-acquisitions group. (With his second wife, Christine Parrott, Wasserstein had three children: Pamela, Ben, who works with a producer at HBO, and Scoop, now a law-school student. For the people who knew him well he engendered enormous loyalty.”, Jeffrey Rosen, another longtime friend of Wasserstein’s and his colleague at First Boston, Wasserstein Perella & Co., and Lazard, agrees. Catherine Gay, Communications Elle Magazine To Plant Memorial Trees in memory, please visit our Sympathy Store. Mr. Wasserstein was rushed in an ambulance to a hospital in Manhattan. The couple divorced before Bruce's sudden death. So, finally, one day I say, ‘Bruce, look, you’re not going to want to hear this, but I don’t think you’re eating a healthy diet.’ And he said to me, ‘You’re right. Ours was a civilized divorce.” (In June 2006, Perella joined forces with Peter Weinberg, the grandson of Sidney Weinberg, the late senior partner of Goldman Sachs, to form Perella Weinberg Partners, a private advisory and money-management boutique.) Female. In January 2009, a few months after the birth of that child—a daughter—he married another woman, Angela Chao, then 35, an executive at her father’s shipping-and-finance conglomerate, and the sister of Elaine Chao, George W. Bush’s labor secretary. Word around town was that Chao was fine with his decision to adopt Wendy Wasserstein’s daughter, Lucy Jane, and have her come live at 927 Fifth after Wendy’s death. Her birth, more than two months premature and at less than 2 pounds, is the subject of the final, touching essay in “Shiksa Goddess.” Advertisement David-Weill left the firm in May 2005, after Wasserstein had crafted a clever strategy to get rid of him by taking public the longtime private partnership. (As was chronicled by Wendy herself in the pages of The New Yorker, she had conceived her daughter in 1999 through in-vitro fertilization. At the end of the conversation, Reichstetter told Rosen, “He really believed in people.” That comment got Rosen thinking. After a brief pause, Bruce—always a bit faster and more confident than most of us—answered: ‘And that’s precisely your strategic dilemma.’”. Wasserstein's sister, Pulitzer Prize-winning playwright Wendy Wasserstein, died suddenly in 2006 of lymphoma at 55. “He was a very, very strange guy,” says one. Lazard’s apparent obfuscation of Wasserstein’s health issues is nothing new, however. She was born when Wendy was 48, the paternity of the father remains a secret; Wendy would not reveal it even on her deathbed at 55 years old. Forbes estimated Wasserstein… She would be willing to talk about her brother and his life, but only with the consent of Bruce’s oldest child, Pamela, a 32-year-old lawyer who worked at the Wall Street law firm Wachtell Lipton and Leon Black’s Apollo Management L.P. before becoming a project director at the Tribeca Film Institute. Finally, the finance minister said, ‘Excuse me, Mr. Wasserstein. To look at him in the best light, you would say he didn ’ t about! 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