Felix Rohatyn – Age 91

REST-IN-PEACE

By Dr. David E. Marcinko MBA

Courtesy: www.CertifiedMedicalPlanner.org

The European refugee turned Wall Street legend, died at 91 lat week. Rohatyn pioneered the M&A advisory business in the 1960s. Working with companies like GE, Revlon, and AT&T, he earned the nickname “Felix the Fixer” for brokering some of the deals that created today’s corporate landscape.

  • His take on the industry: “Investment banking is not a business; it is a personal service where bankers work hand in hand with their clients.”

With deep thoughts like that, Rohatyn was tapped to help NYC stave off bankruptcy in 1975, when lenders cut off the city from additional short-term credit.

You might not realize it from walking around Manhattan today, but 1970s-era New York was in a deep financial manhole. It had an annual deficit of $1.5 billion a year on a budget of roughly $12 billion.

In his later years, Rohatyn became the U.S. ambassador to France, an author, and a finance sage.

Assessment: I followed his career and studied his methods while in B-school, back in the day.

Your thoughts are appreciated.

BUSINESS, FINANCE, INVESTING & INSURANCE TEXTS FOR DOCTORS:

1 – https://lnkd.in/ebWtzGg

2 – https://lnkd.in/ezkQMfR

3 – https://lnkd.in/ewJPTJs

THANK YOU

Risk Management, Liability Insurance, and Asset Protection Strategies for Doctors and Advisors: Best Practices from Leading Consultants and Certified Medical Planners™8Comprehensive Financial Planning Strategies for Doctors and Advisors: Best Practices from Leading Consultants and Certified Medical Planners™

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