| Bruce Wasserstein | |
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| Born | December 25, 1947 Brooklyn, New York, U.S. |
| Died | October 14, 2009 (aged 61) |
| Residence | New York City |
| Nationality | United States |
| Alma mater | University of Michigan Harvard Business School Harvard Law School |
| Occupation | Investment banker |
| Employer | Lazard Ltd |
| Net worth | $2.3 billion[1] |
| Spouse(s) | Angela Chao (4th wife) |
| Children | 5 |
Bruce Wasserstein (December 25, 1947 – October 14, 2009)[2] was an American investment banker and businessman. He was a graduate of the McBurney School,[3] University of Michigan, Harvard Business School, and Harvard Law School, and was the Chairman and CEO of Lazard Ltd.[4]
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Born in Brooklyn, New York, to Morris and Lola (née Schleifer) Wasserstein, Bruce Wasserstein was one of five siblings. His father, Morris, a Jewish immigrant from pre-World War II Poland, emigrated to New York City and started a ribbon company.[5] His maternal grandfather was Simon Schleifer, a prominent Polish-born Jewish playwright who moved to Paterson, New Jersey and became a Hebrew school principal.
Wasserstein helped broker more than a thousand transactions worth $250 billion since the 1980s. Starting his career as a Cravath, Swaine & Moore attorney, he later rose to co-head of First Boston Corp.'s dominant merger and acquisition practice. He eventually formed investment bank boutique Wasserstein Perella & Co., which he sold in 2000, at the top of the 1990s bull market, to Germany's Dresdner Bank for around $1.4 billion in stock.[6] He left the unit Dresdner Kleinwort Wasserstein (formed by merging Dresdner's United Kingdom unit Kleinwort Benson with Wasserstein Perella) to take the job at Lazard Frères. In 2005, he completed the initial public offering for Lazard.[7]
Wasserstein controlled Wasserstein & Co., a private equity firm with investments in a number of industries, particularly media. In 2004, he added New York Magazine to his media empire. In July 2007, he sold American Lawyer Media to Incisive Media for about $630 million in cash.[8] He is credited with the term, Pac-Man defense, which is used by targeted companies during a hostile takeover attempt.
After making a $25 million donation[9] to Harvard Law School, the large academic wing of the school's new Northwest Corner complex will be named Wasserstein Hall, in his honor.
According to Forbes as of 9/17/08, Wasserstein's net worth was estimated to be $2.3 billion.[10]
Bruce Wasserstein was predeceased by two siblings: businesswoman Sandra Wasserstein Meyer and Pulitzer Prize-winning playwright Wendy Wasserstein, whose daughter, Lucy Jane, he was raising.
Wasserstein was married then divorced three times. In January 2009 he married his fourth wife, Angela Chao, a sister of Elaine Chao. Angela Chao is an executive at her father James Chao's Foremost Group, a shipping and trade concern, and on the board of BIMCO, a trade organization. She graduated from Harvard in three years, worked in investment banking at Smith Barney, and briefly at her father's shipping company before going to Harvard Business School, and then back to Foremost.
His political position was liberal, and he was involved with media since college, when he was an editor on his school newspaper, then served an internship at Forbes Magazine. Inspired by Ralph Nader, he was one of Nader's Raiders for a brief length of time. Rahm Emanuel and Vernon Jordan were employed by Wasserstein for a few years.[11]
On October 12, 2009 Wasserstein was admitted to hospital with an irregular heartbeat. It was originally reported that his condition was serious, but that he was stable and recovering.[12] On October 14, 2009 Wasserstein was pronounced dead. He was 61 years old.
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   | WASSERSTEIN, Bruce - World Who's Who : Europa Biographical Reference |
| | Bruce Wasserstein - Big Deal: Mergers and Acquisitions in the Digital Age - Amazon.com: Big Deal: Mergers and Acquisitions in the Digital Age: Bruce Wasserstein: Books |
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