It looks like we don't have any Biography for Lucy Jane Wasserstein yet.. Be the first to contribute! Asked about the rumors that he was “gravely ill,” he told reporter Anthony Bianco, “It’s just silly,” and added, “I’m exactly the same weight I was ten years ago. Wendy and the Lost Boys: The Uncommon Life of Wendy Wasserstein: Salamon, Julie: Amazon.sg: Books She lives here with Jack (twelve) and Dash (eleven), her two sons with Bruce, and Lucy (eleven) the daughter of Claude’s late sister-in-law, Pulitzer Prize–winning playwright Wendy Wasserstein. 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. “If you go back over those 30 years, what you discover is he had a significant influence, if not the significant influence, in building three different firms and three firms that were each very different, one from the others. We are from Slovenia.’ The way Bruce told it, the room went silent, with ashen faces around the table. while Wasserstein was away, point-blank about Wasserstein’s health. Mr. Wasserstein was rushed in an ambulance to a hospital in Manhattan. What if Tezuka Productions started using on-screen logos in the 1960s? Start a FameChain Add to my FameChain. And the idea that either Bruce’s or Wendy’s admirers might want to pay their respects by visiting their gravesite is not received kindly. (For unexplained reasons, the tax authorities in the state of New York allowed Wasserstein to get away with this gambit.) Our aunt, playwright Wendy Wasserstein brought her friends as dates. chosen by an independent board of directors. https://www.jpost.com/Arts-and-Culture/Books/What-Wendy-knew “What the fuck? Lucy Wasserstein Family. (Wasserstein had originally asked for a 10-year contract for $365 million.) When Wasserstein, the head of investment firm Lazard and the owner of New York magazine, died suddenly at 61 in 2009, he left behind an estimated $2.2 billion fortune, a … The guests and his colleagues tried unsuccessfully to interrupt several times. Bhutani and Parr were appointed to the Lazard board in January. 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. So Brooklyn would be the logical place for the Wasserstein-family plot, which would contain not only his grave but also those of his sister Wendy, the Pulitzer Prize–winning playwright, who died in 2006 at age 55 from lymphoma; his half-sister, Sandra, a senior executive at Citibank, who died in 1997 at age 60 from breast cancer; and his parents, Morris and Lola Wasserstein, who died in 2003 and 2007, respectively. “I think he met some unexpected problem that caused his untimely end—very sad, amazingly sad,” says one of his longtime friends. “I find that question offensive,” says Georgette Levis, Bruce’s sole surviving sister and the proprietor of the Wilburton Inn, in Manchester, Vermont, when asked to disclose the location. Wasserstein and Becker were married in 1995 and moved into a duplex at 927 Fifth Avenue. 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. (Years earlier, it is said, he suffered from a heart condition and had quadruple-bypass surgery.) The driver called 911. Wasserstein's sister, Pulitzer Prize-winning playwright Wendy Wasserstein, died suddenly in 2006 of lymphoma at 55. debuted in 1963? Luckyjane.shop, Nieuwpoort-Bad, West-Vlaanderen, Belgium. In 1999, at age 48, Wasserstein had a daughter, Lucy Jane, born three month prematurely. Less than a year later, in 1977, by offering to double his salary to $100,000, Perella persuaded Wasserstein to join him at First Boston (now Credit Suisse) to help build the mergers-and-acquisitions group at the firm. “Bruce proceeded to launch into a distinctive, long-winded Wassersteinian monologue about all of the different issues facing Slovakia’s privatization program, corporate sector, and politics generally given its recent separation from the Czech Republic,” Grafstein wrote. Rather than face that prospect, the board capitulated. 19 (approx.) Catherine Gay, Communications Elle Magazine To Plant Memorial Trees in memory, please visit our Sympathy Store. He was raising her daughter, Lucy Jane, now 10. Together, they made First Boston a leader in M&A, and then, in 1988, they left the firm after Wasserstein made a dramatic, failed gambit to become C.E.O. He also received $41 million in compensation for 2007. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of Condé Nast. It will still own 4.1 million shares, worth approximately $150 million. 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. “I remember hearing somebody say, ‘How can the guy take that kind of money and walk down the hall in front of us?’ Or ‘How can he face his partners after doing that?’ And somebody answered with words to the effect of ‘He’s not even thinking that way.’ Where the average guy would be embarrassed, that just wasn’t Bruce’s personality. Battle of the billionaire's Hamptons mansion: Mother of Bruce Wasserstein's love child fights with family of dead banker's five other children for access to his fabulous beachfront estate Vanity Fair may earn a portion of sales from products that are purchased through our site as part of our Affiliate Partnerships with retailers. Lucy Jane Wasserstein. Joe Perella recalls how “Bruce’s standard diet was hamburger for lunch, shrimp cocktail and steak for dinner. the firm would now be a shadow of its former self, assuming it was even still around. Ad Choices. As friends gather to mourn financier Bruce Wasserstein, Ralph Gardner Jr. reports on the future of Lazard Frères, New York … What if AT&T acquired BOTH TimeWarner and MGM Holdings back in 2018? The arrhythmia caused him to lose consciousness. “I don’t think Bruce really cared as much about creating a firm where the younger partners could prosper, and the shareholders could prosper, as much as creating a firm that was good for him,” says one senior banker at the firm. She never identified the father. 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. “It is a fact that he moved to London. He was witty and enthusiastic.” Says another person who saw Wasserstein last summer, “He frankly looked pretty well. 1999. We continue to mourn his loss.” Accordingly, the firm announced that it would take a onetime, non-cash charge of $86.5 million and an additional onetime charge of $60.5 million to accelerate the vesting of deferred cash compensation Wasserstein awarded to other bankers during 2008. “So it was the exact opposite of what is alleged.” (In the end, Kraft increased its original bid by just 10 percent to prevail, according to Weiss.) I am trying to be fit.” Moments later, Bianco reported, Bruce was enjoying “an elaborate coffee-and-ice-cream concoction” he needed to “fortify” himself “for my first press interview” as Lazard’s C.E.O. (Claude, who was said to have been heartbroken, declined to comment for this article.) Jacobs also brought back Felix Rohatyn, now 81 years old, as a senior adviser, and a huge new office is being constructed for him. He had been running very late and an assistant told him to go immediately to a conference room to meet representatives of the government of Slovakia. And so, if you believe that, you’re not bound by common morality, and you’re just incredibly ambitious and impatient and not held back by that.”. Jacobs considered getting rid of Lazard’s fractionally owned corporate jet, which had ferried Wasserstein almost everywhere he went, but ultimately couldn’t bring himself to. Bruce had the ability to take what he knew about the law and translate it into action that was going to accomplish the client’s objective.” Nowadays, Perella recalls what he really thought when he first saw Bruce in action: “I don’t know who this S.O.B. Conceived via artificial insemination, daughter Lucy Jane came into the world in 1999 with her father’s identity still secret. The freshest-and most essential-updates from Washington, Wall Street, and Silicon Valley. During the negotiations, he dared the board to fire him. “It was one of those moments in life where I knew I had met a rare individual. Someone who spoke with him then at a New York restaurant described him as looking “frail” and “shaky” from having lost “so much weight.” Another person who saw him that same evening said that he looked like a “sickly 70-year-old,” instead of the once invincible conqueror, and added, “He is in bad shape.” Felix Rohatyn, the longtime Lazard partner and former U.S. ambassador to France, and his wife, Elizabeth, saw Wasserstein at an East Side brasserie around that time and remarked to themselves that he looked terrible. At Wasserstein’s December 7 memorial service, at the Vivian Beaumont Theater, in New York’s Lincoln Center, the eulogizers waxed eloquent. Wendy and the Lost Boys: The Uncommon Life of Wendy Wasserstein The couple divorced before Bruce's sudden death. What if Viacom and CBS didn’t demerge in 2006? In his New Republic eulogy, Grafstein recalled how Wasserstein used to laugh about one particularly bungled meeting. Wasserstein, who was not married, never publicly identified her daughter's father. Bloomberg News wrote on January 19 that the successful deal “seals the legacy” of Wasserstein, and quoted former Lazard banker Philip Keevil as saying, “This deal will be a monument to Bruce.”, Wasserstein does get credit at Lazard for bringing in the business—in the sense that he finally brought in a deal—but the dénouement was seen by some as the same old script of getting the client to win by paying too much. In January 2008, Wasserstein wrung from his handpicked board of directors a new five-year employment contract that paid him $900,000 a year in salary, plus an annual unspecified bonus, plus 2.7 million shares of Lazard, worth just under $100 million the day the deal was struck. Wasserstein and Perella met while working a corporate acquisition, and within 20 minutes of their first encounter, Wasserstein had taken control of the meeting. Lucy Jane Wasserstein Age. “This could be quite exhausting,” he recalled. Shortly thereafter he was seen squiring Angela Chao to parties, including Lally Weymouth’s exclusive Fourth of July party in Southampton, and to dinners in Manhattan. He didn’t circulate a lot among the troops, and he had no business. All rights reserved. He was put on life support immediately upon arrival at the hospital. After Wasserstein’s death, Jacobs expensed in one fell swoop the costs remaining on Wasserstein’s five-year employment contract. At 40, Wasserstein made a To Do list of things left over from when she turned 30: lose weight, improve friendships, ... She is survived by her daughter Lucy Jane, sister and brother. His success in building firms was his success in building people. Many published reports suggested that Wasserstein was the architect of Kraft’s strategy and that he personally advised Kraft and its C.E.O., Irene Rosenfeld, during the months before he died. “Oh, God, he just wouldn’t pose for a picture standing side by side. Will be used in accordance with our Privacy Policy. I’ve never met anybody like him. What if The Gumazing Gum Girl! Despite efforts at supportive care and indications of recovery, he ultimately died of heart failure secondary to the arrhythmia.”. 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. 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. Brighten up your looks Lets rumble in our jungle “First of all, it’s a massive hit to the compensation pool for a guy who contributed nothing. Gender. 7,5 d. vind-ik-leuks. 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. Perella says he has never spoken to Forbes about the split but explained, “Some marriages last forever. About two years after Lucy Jane Wasserstein’s birth, her mother began treatment for what turned out to be lymphoma. Two other Wasserstein men—Ashish Bhutani, the head of Lazard’s asset management, and Gary Parr, who came to Lazard via Morgan Stanley—are sticking around. This was a reporting coup for sure, since Wasserstein had all but abandoned the idea of allowing himself to be the focus of a major magazine story after Deirdre Fanning of Forbes had written the infamous “Bid ‘Em Up Bruce” cover story, of August 1989, which suggested that Wasserstein encouraged his clients to hugely overpay for companies. 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