Cambridge Encyclopedia :: Cambridge Encyclopedia Vol. 25
 

Felix (George) Rohatyn - Career in finance, Diplomacy and foreign policy credentials, LaRouche Enmity

Financier and writer, born in Vienna, Austria. His family fled the Nazis in the mid-1930s, settling first in France, then in the USA. He graduated from Middlebury College (1948), and joined Lazard Freres & Co, the investment house, that same year. In 1950 he became a naturalized US citizen and served in the army (including a tour in Korea) in 1951–3. He returned to Lazard and worked for the firm in Europe for several years during the 1950s. Named a general partner at Lazard (1961), he earned a reputation as a master arranger of corporate deals and mergers. He headed the New York Stock Exchange's crisis committee during a difficult period in 1970–1, working to supply financing to keep tottering companies from collapse. As unsalaried chairman of New York City's Municipal Assistance Corp in the late 1970s, he was credited with the key role in rescuing the nation's largest city from bankruptcy. In later years he wrote extensively on economic issues, revealing generally liberal sympathies in relating them to America's social problems.

Portions of the summary below have been contributed by Wikipedia.

Career in finance

Rohatyn's family lived in France from 1934 to 1942.

He received his Bachelor of Science degree in physics from Middlebury College in Vermont in 1949 following which he joined the New York office of the investment bank Lazard Frères under André Meyer. Rohatyn became widely known in the 1970s for successfully restructuring New York City's debt and resolving the city's fiscal crisis.

On August 22, 2006, Mr. Rohatyn was appointed by Lehman Brothers as a chairman of the international advisory committee and as a senior adviser to its chairman, Richard S.

Diplomacy and foreign policy credentials

Rohatyn served as United States Ambassador to France from 1997 to 2000 during the second Clinton Administration and is a Commander in the French Legion of Honor.

LaRouche Enmity

Rohatyn is the frequent target of LaRouche Movement attacks and smear campaigns.

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