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The reviews of my brother William D. Cohan's book, The Last Tycoons, on Lazard Ltd. (NYSE: LAZ) have varied depending on reviewers' economic ties to LAZ. Reviewers who depend on LAZ executives for access or deal flow tended to trash the book. Those who lacked such ties seemed to like it.
I have particularly enjoyed listening to my brother tell one incredible story after another about the fascinating foibles of the "great men" of Lazard. If you're interested in the out-sized personal lives, art collections, real estate, and cigar smoking habits of a group of world-shaping financiers, you will find it hard to put down The Last Tycoons.
But those who depend on LAZ's CEO, Bruce Wasserstein, or other power brokers with ties to the firm do not share my view. For example:
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