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Felix Rohatyn

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546:. A state law converted the city sales tax and stock transfer tax into state taxes, which when collected were then used as security for the MAC bonds. Because the MAC did not create enough profit fast enough, the city created an Emergency Financial Control Board to monitor the city's finances. But even with all of these measures, the value of the MAC bonds dropped in price, and the city struggled to find the money to pay its employees and stay in operation. In November 1975 the federal government stepped in, with Congress extending $ 2.3 billion in short-term loans in return for more stringent measures. Rohatyn and the MAC directors persuaded the banks to defer the maturity of the bonds they held and to accept less interest, and convinced banks to buy MAC bonds to pay off the city's debts. The confidence in MAC bonds was restored, and under Rohatyn's chairmanship, the MAC successfully sold $ 10 billion in bonds. By 1977–1978, New York City had eliminated its short-term debt. By 1985, the city no longer needed the support of the Municipal Assistance Corporation, and it voted itself out of existence. 2972: 2920: 42: 2930: 1116: 550:
out the banks, while slashing workers' wages and benefits and reducing the power of municipal unions. As Rohatyn wrote in the MAC annual report, however, "The alternative to such cutbacks would have been bankruptcy for the city, which would have generated infinitely greater social costs". In a letter to
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Rohatyn, as the chairman of the MAC and the chief negotiator between the city, the unions, and the banks, was widely given credit for the success of MAC and the rescue of New York City from bankruptcy, despite the large social costs. He also drew the fire of some critics, who accused him of bailing
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Rohatyn later became an outspoken advocate for rebuilding America's infrastructure, working with politicians and business leaders to craft guiding principles for strengthening infrastructure as co-chair of the Commission on Public Infrastructure. Rohatyn was involved in efforts to form a national
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A conversation with businessman, investment banker, and U.S. Ambassador to France Felix Rohatyn about escaping from the Nazis as a child, returning to France as an adult, his mentors, his career, and his philosophy. His wife, Elizabeth Fly Rohatyn, vice chairman of the board of Channel 13 and
535:(MAC), an independent corporation which was authorized to sell bonds to meet the borrowing needs of the city. While the deficit increased to $ 750 million, the MAC was established on June 10, 1975, with Rohatyn as chairman, and a board of nine prominent citizens. 556:
on March 4, 2012, Rohatyn attributed New York City's fiscal turnaround from possible bankruptcy in the late 1970s to the leadership of former New York Governor Hugh Carey and to the cooperative efforts of the city's banks and unions, though not to President
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to discuss urban and economic issues and build ties among their cities. In addition, Mrs. Elizabeth Rohatyn founded the French Regional and American Museum Exchange (FRAME), a consortium of 26 French and North American
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appointed Rohatyn co-chair of the New York State 2100 Commission, which developed strategies for rebuilding after the hurricane. Rohatyn also served as co-chair of the New York Works Task Force on Infrastructure.
667:. He told them that a "democratic, prosperous Europe is the finest monument" to the veterans' exploits. He said, "I ask the children here today to look around â€” you are in the company of real heroes". 490:. He returned to Lazard in 1952 and was made a partner in the firm in 1961, going on to become managing director. While at Lazard he brokered numerous major mergers and acquisitions, notably on behalf of 2916: 527:
advanced state funds to the city to allow it to pay its bills, on the condition that the city turn over the management of its finances to the State of New York. Carey appointed Rohatyn to head a
1688: 1957:"Governor Cuomo Announces Commissions to Improve New York State's Emergency Preparedness and Response Capabilities, And Strengthen The State's Infrastructure to Withstand Natural Disasters" 336:, where he brokered numerous large corporate mergers and acquisitions from the 1960s through the 1990s. In 1975, he played a central role in preventing the bankruptcy of 703:
that works together to sponsor major, bilateral exhibitions and education programs. After the Rohatyns left the ambassador's post in Paris, FRAME became an independent,
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2007: With Warren Rudman. "Guiding Principles for Strengthening America's Future". Commission on Public Infrastructure, Center for Strategic and International Studies.
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The Future of the Transatlantic Defense Community: Final Report of the CSIS Commission on Transatlantic Security and Industrial Cooperation in the Twenty-first Century
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2005: "Where Now for the U.S. Economy? Domestic Public Investment and America's Position in the World". Center for American Progress. Washington. September 22, 2005.
1902: 494:(ITT), where he became a director in 1966. He also served on the boards of the Englehard Mineral and Chemical Corporation, Howmet Turbine Component Corporation, 1744: 2052:
Embassy of France in the United States: "Amb. Felix Rohatyn 'Grand Officier de la LĂ©gion d’Honneur'" – Speech by Ambassador François Delattre on May 30, 2012
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In 1979, he married Elizabeth Fly Vagliano. Elizabeth died on October 10, 2016, at the age of 86. Rohatyn died on December 14, 2019, in
769:, who has authored a House bill to create an infrastructure bank. Rohatyn testified in both the House and Senate in support of the law. 3458: 2297: 754: 674:
which met annually, with meetings held alternately in the United States and France. The council meetings included President Clinton,
375:, and Edith (Knoll) Rohatyn, a native of Austria, who divorced his father. His great-grandfather, Feivel Rohatyn, was Chief Rabbi of 2971: 3423: 573: 1234: 577: 1983: 2901: 2119: 2054: 1634: 1448: 1939: 1671: 1441: 1202: 1139: 991: 969: 933: 894: 865: 648: 1168: 1770: 1086: 3508: 3463: 3000: 1906: 1052: 682:, as well as U.S. cabinet secretaries and French government ministers and meetings continued during the presidencies of 3503: 3493: 3074: 725:, once wrote about "the infrastructuralist Felix Rohatyn", due to Rohatyn's long-time advocacy of rebuilding America's 691: 531:
to look for a long-term solution to the city's fiscal problems. The advisory committee recommended the creation of the
1502: 2894: 1606: 1532: 1314: 745:(CSIS). It drew up guiding principles for strengthening U.S. infrastructure. Its members included then U.S. Senators 608: 320: 1187:
chairman of the New York Public Library, and former New York Governor Hugh Carey join in to give their perspectives.
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Corinne Lesnes, « Carnet — Felix Rohatyn. Banquier et diplomate Â», Le Monde, 17 dĂ©cembre 2019, p. 29
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As ambassador, he also organized the French-American Business Council, a 40-member council of U.S. and French
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co-chaired the Commission on Public Infrastructure, a bipartisan council of governors, members of the
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2009: "Rebuilding the Economy by Rebuilding America". Economic Club of Chicago. March 24, 2009.
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Central Synagogue: "Felix G. Rohatyn 1996 – Former U.S. Ambassador and Investment Banker"
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New York Post: "Felix the Cat – 9 Lives, Womanizing Uncovered in Book" By Richard Wilner
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instead. In 1996, the Clinton administration put forward his candidacy for the post of
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Rohatyn was educated at schools in France. On his arrival in the US in 1942 he joined
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to establish the TransAtlantic Conference of Mayors that gathered U.S. and European
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origins. Rohatyn was born in Vienna in 1928, the only son of Alexander Rohatyn, a
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The MAC, led by Rohatyn, insisted that the city make major reforms, including a
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infrastructure bank, and assisted in the rebuilding of New York City following
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Bold Endeavors: How Our Government Built America, and Why It Must Rebuild Now
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Bold Endeavors: How Our Government Built America, and Why It Must Rebuild Now
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Bold Endeavors: How our Government Built America, and Why It Must Rebuild Now
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The Life of Felix Rohatyn, 53 minutes, with Felix and Elizabeth Rohatyn and
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From Middlebury, Rohatyn joined the New York office of the investment bank
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and chief negotiator between the city, its labor unions and its creditors.
257: 77: 3042: 2957: 2843: 2504: 2403: 2378: 2170: 1353: 818: 750: 660: 561:'s belated agreement to federally guarantee the newly issued city bonds. 558: 41: 3113: 2961: 2393: 2123: 2085:"Felix G. Rohatyn, Financier Who Piloted New York's Rescue, Dies at 91" 1563:"Books of The Times: Greed Layered on Greed, Frosted With Recklessness" 1164: 1032:"Felix G. Rohatyn, Financier Who Piloted New York's Rescue, Dies at 91" 758: 746: 700: 581: 524: 483: 424: 2159: 2129: 2009:
New York Times obituary on legacy.com: "Jeannette S. Rohatyn Obituary"
1881:"Expert Spotlight: Felix Rohatyn on an Infrastructure Investment Bank" 408: 2830: 2618: 2547: 829: 785: 444: 949:
2008: With Ehrlich, Everett. "A New Bank to Save Our Infastracture".
2875: 2836: 2824: 2756: 2723: 2481: 2373: 2185: 491: 487: 391:. His father managed breweries controlled by the family in Vienna, 2139:
Rohatyn talk on New York City fiscal issues at Columbia University
542:, a major layoff, a subway fare hike, and charging tuition at the 2613: 2593: 2588: 2567: 2468: 2348: 1405:"Municipal Assistance Corporation for the City of New York (MAC)" 419:, where he was awarded a prize for excellence in 1938. After the 388: 380: 24: 20: 2929: 2608: 2428: 2408: 2133: 1745:"Lyon, France: Webb Opens First Transatlantic Summit of Mayors" 1239: 854:
The Twenty-year Century: Essays on Economics and Public Finance
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When the City of New York ran out of money in mid-April 1975,
2418: 2368: 2147: 1635:"Amb. Felix Rohatyn "Grand Officier de la LĂ©gion d'Honneur "" 695: 412: 303: 1823: 1291:
Diaspora Nationalism and Jewish Identity in Habsburg Galicia
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Charlie Rose – A discussion about the life of Felix Rohatyn
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2005: With Warren Rudman. "It's Time to Rebuild America".
328:; May 29, 1928 â€“ December 14, 2019) was an American 309: 1666:. New York, NY: Simon & Schuster. pp. 264–265. 564: 482:
for two years and ended his military service during the
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in 1937 following his parents' divorce, he attended the
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New York Times: "F.G. Rohatyn Weds Elizabeth Vagliano"
411:, where his father was a brewery manager, and then in 1959:. Office of Andrew M. Cuomo, Governor. Archived from 321: 312: 1934:. New York, NY: Simon & Schuster. pp. 1–5. 1903:"Infrastructure Investment and U.S. Competitiveness" 1742: 1449:
California Research Bureau, California State Library
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2007: "A Small Price to Get New York Moving Again".
306: 297: 1689:"French Premier Says West Faces Quandary on Kosovo" 1398: 1396: 917:2006: "When the Free Market and Politics Collide". 607:, built on personal computers by 26-year-olds with 352:as co-chair of the New York State 2100 Commission. 294: 16:
American investment banker and diplomat (1928–2019)
1986:. Office of Andrew Cuomo- Governor. Archived from 1115: 580:since the 1970s. He had supported longtime client 1637:. Embassy of France in Washington. Archived from 690:. While ambassador, Rohatyn also worked with the 635:from 1997 to 2000, during the second term of the 3405: 1883:. Center for Strategic and International Studies 1720:"Sarkozy Throws Open His Arms to Bush, and U.S." 1435: 1433: 1402: 1393: 924:2007: With George L. Argyros and Marc Grossman. 835:His son Nicolas is married to the art gallerist 435:, before arriving in the United States in 1942. 813:Rohatyn was married twice. In 1956, he married 780:, as did historic federal projects such as the 729:to strengthen the country's economy and global 332:and diplomat. He spent most of his career with 2176:Center for Strategic and International Studies 1905:. Council on Foreign Relations. Archived from 1331:"Felix Rohatyn, de la finance Ă  la diplomatie" 1203:"Rohatyn returns to Lazard as special adviser" 1134:(2nd ed.). Detroit: Macmillan Reference. 743:Center for Strategic and International Studies 653:Center for Strategic and International Studies 509: 69:September 11, 1997 â€“ December 7, 2000 2902: 2242: 1439: 1430: 1383: 1381: 1379: 1197: 1195: 584:'s candidacy, however, and Clinton appointed 1798:"Elizabeth F. Rohatyn, 86, an Arts Advocate" 1109: 1107: 817:(1924–2012), the daughter of journalist and 1442:"Overview of New York City's Fiscal Crisis" 741:and U.S. business leaders sponsored by the 462:in the class of 1949, majoring in physics. 367:The name Rohatyn has been claimed to be of 3439:American people of Austrian-Jewish descent 3429:Ambassadors of the United States to France 2909: 2895: 2249: 2235: 2002: 1533:"Talent Lost to a Failure Called Politics" 1376: 1293:(Cambridge University Press, 2012), p. 167 1192: 1152:– via Fairfax County Public Library. 1047: 1045: 40: 2182:The Elizabeth and Felix G. Rohatyn Papers 1104: 765:. Rohatyn also worked with Congresswoman 755:National Infrastructure Reinvestment Bank 1736: 1717: 1711: 1686: 1680: 1663:Dealings: A Political and Financial Life 1626: 1604: 1557: 1527: 980:Dealings: A Political and Financial Life 846: 733:. In 2007, Rohatyn and the late Senator 663:in 1999, on the 55th anniversary of the 3449:Austrian emigrants to the United States 1927: 1895: 1874: 1872: 1870: 1659: 1653: 1586:Sorkin, Andrew Ross (August 22, 2006). 1407:. William and Anita Newman Library and 1352: 1276:“Felix Rohatyn” in Murray Polner, ed., 1081: 1079: 1077: 1042: 626: 578:United States Secretary of the Treasury 227: 1979; died 2016) 3406: 1975: 1878: 1847: 1841: 1585: 1302: 1113: 3499:Military personnel from New York City 2890: 2230: 1948: 1795: 1763: 1607:"Vets Mark 55th Anniversary Of D-Day" 1497: 1272: 1270: 1232: 1163:Elizabeth Rohatyn, Felix Rohatyn and 649:American Academy of Arts and Sciences 565:After the New York City fiscal crisis 492:International Telephone and Telegraph 355:From 1997 to 2000, Rohatyn served as 2082: 1921: 1867: 1848:Safire, William (28 December 2013). 1718:Sciolino, Elaine (7 November 2007). 1632: 1521: 1346: 1074: 1029: 928:. Washington, D.C.: The CSIS Press. 590:Vice Chairman of the Federal Reserve 3479:Jews who emigrated to escape Nazism 2925:United States Ambassadors to France 1280:(Facts on File, Inc., 1982), p. 357 1087:"Jeanne Greenberg, Nicolas Rohatyn" 516:New York City fiscal crisis of 1975 478:. In 1950, he was drafted into the 13: 3469:Commanders of the Legion of Honour 2209:United States Ambassador to France 1267: 1233:Dahle, Stephanie (March 3, 2009). 1030:Chan, Sewell (December 14, 2019). 878:2002: "From New York to Baghdad". 692:United States Conference of Mayors 639:and was a Commander in the French 633:United States Ambassador to France 599:, in the 1990s, Rohatyn described 357:United States Ambassador to France 57:United States Ambassador to France 14: 3520: 3459:Businesspeople from New York City 2113: 1981: 1954: 1796:Gates, Anita (October 11, 2016). 1687:Erlanger, Steven (20 June 2013). 1388:In Memoriam: Felix G. Rohatyn ’49 839:. His stepdaughter was the model 710: 379:, 50 km from Ukrainian town 2970: 2928: 2918: 1093:. September 14, 1997. p. 50 919:The International Herald Tribune 900:2003: "Free, Wealthy and Fair". 889:. Washington, D.C.: CSIS Press. 843:, who died on January 25, 2020. 808: 655:. He also delivered a speech to 615:as a senior advisor to chairman 533:Municipal Assistance Corporation 342:Municipal Assistance Corporation 290: 201: 3424:20th-century American diplomats 2186:the New-York Historical Society 2160:Rohatyn author page and archive 2076: 2064: 2045: 2033: 2014: 1816: 1789: 1773:. FRAME Museums. Archived from 1743:Scimger and Jubi Headley, Kay. 1598: 1588:"Rohatyn Will Take Lehman Post" 1579: 1551: 1491: 1482: 1470: 1440:Roger Dunstan (March 1, 1995). 1403:Lucia Capodilupo (April 2002). 1337: 1323: 1296: 1283: 782:First transcontinental railroad 224: 197: 1605:Phillips, Ian (June 7, 1999). 1479:(New York), September 27, 2008 1309:. Facts on File. p. 357. 1247: 1226: 1156: 1023: 1005: 885:2003: With BĂ©chat, Jean-Paul. 529:blue-ribbon advisory committee 1: 2120:Charlie Rose Show, 12/21/2000 998: 871:2002: "Capitalism Betrayed". 362: 2165:The New York Review of Books 951:The New York Review of Books 880:The New York Review of Books 873:The New York Review of Books 645:Council on Foreign Relations 576:, Rohatyn had aspired to be 437:Luis Martins de Souza Dantas 7: 2774:Woodinville Whiskey Company 2083:Chan, Sewell (2019-12-14). 2030:retrieved September 3, 2015 1747:. US Mayors. Archived from 1413:City University of New York 1306:American Jewish Biographies 1278:American Jewish Biographies 544:City University of New York 510:New York City fiscal crisis 10: 3525: 3509:Writers from New York City 3504:Rothschild & Co people 3464:Businesspeople from Vienna 2530:STELLA by Stella McCartney 672:corporate chief executives 611:". In 2006 Rohatyn joined 513: 18: 3494:Middlebury College alumni 3192: 3059:Minister Plenipotentiary 3056: 2980:Ministers Plenipotentiary 2979: 2968: 2938: 2858: 2802: 2781: 2637: 2579: 2572:Starboard Cruise Services 2538: 2510:Officine Universelle Buly 2442: 2339: 2264: 2215: 2206: 2198: 2193: 1488:MAC Annual Report (1976). 1053:"Cityfile: Felix Rohatyn" 926:The Embassy of the Future 794:Interstate Highway System 643:. He was a member of the 465: 421:German invasion of France 279: 264: 243: 235: 176: 166: 143: 116: 111: 107: 95: 83: 73: 62: 55: 51: 39: 32: 3193:Ambassador Extraordinary 2495:Maison Francis Kurkdjian 2256: 1879:Rohaty (13 March 2008). 1114:Kampel, Stewart (2007). 837:Jeanne Greenberg Rohatyn 651:, and a trustee for the 253:Jeanne Greenberg Rohatyn 3057:Envoy Extraordinary and 2728:Joseph Phelps Vineyards 2331:Yves-Thibault de Silguy 1928:Rohatyn, Felix (2009). 1850:"The Office Pool, 2009" 1660:Rohatyn, Felix (2010). 1358:"Acts of Quiet Courage" 1303:Polner, Murray (1982). 902:The Wall Street Journal 705:non-profit organization 504:New York Stock Exchange 3489:McBurney School alumni 3484:Lehman Brothers people 2871:Jardin d'Acclimatation 2520:Parfums Christian Dior 2152:] Namebase Entry ( 2061:published July 2, 2012 2057:April 2, 2013, at the 1255:"State Dept Biography" 739:United States Congress 665:Liberation of Normandy 637:Clinton Administration 423:in 1940, they fled to 417:LycĂ©e Janson-de-Sailly 250:(former father-in-law) 214:Elizabeth Fly Vagliano 2811:Connaissance des Arts 2762:Terrazas de los Andes 1531:(February 23, 1996). 1167:(December 21, 2000). 1131:Encyclopaedia Judaica 847:Selected bibliography 727:public infrastructure 680:Prime Minister Jospin 458:, where he graduated 2678:ChĂąteau Cheval Blanc 1633:Delattre, Francois. 1333:. 13 September 1997. 984:Simon & Schuster 962:Simon & Schuster 914:. December 13, 2005. 904:. November 11, 2003. 882:. November 21, 2002. 875:. February 28, 2002. 800:, New York Governor 763:Kay Bailey Hutchison 627:Ambassador to France 522:Governor of New York 454:and later attended 286:Felix George Rohatyn 200: 1956; 121:Felix George Rohatyn 3195:and Plenipotentiary 2771:Volcan de mi Tierra 2303:Charles de Croisset 2148:permanent dead link 1963:on 28 December 2012 1458:on January 25, 2011 944:The Financial Times 912:The Washington Post 790:Land Grant Colleges 506:from 1968 to 1972. 407:. First living in 340:as chairman of the 2742:MoĂ«t & Chandon 2553:La Grande Epicerie 2505:Marc Jacobs Beauty 2089:The New York Times 2026:2015-10-04 at the 1990:on 4 November 2013 1909:on 5 November 2013 1854:The New York Times 1802:The New York Times 1777:on 2 November 2013 1751:on 2 November 2013 1723:The New York Times 1699:on 3 November 2013 1693:The New York Times 1641:on 2 November 2013 1615:. Associated Press 1592:The New York Times 1567:The New York Times 1538:The New York Times 1508:The New York Times 1503:"The Last Tycoons" 1363:The New York Times 1356:(April 11, 2005). 1215:. January 27, 2010 1122:Berenbaum, Michael 1117:"Felix G. Rohatyn" 1091:The New York Times 1036:The New York Times 953:. October 9, 2008. 597:The New York Times 553:The New York Times 480:United States Army 456:Middlebury College 399:. The family left 269:Middlebury College 3474:Directors of LVMH 3401: 3400: 3279: 3276:chargĂ© d'affaires 3110: 3107:chargĂ© d'affaires 3093: 3090:chargĂ© d'affaires 3039: 3036:chargĂ© d'affaires 2884: 2883: 2699:Clos des Lambrays 2682:Chateau d'Esclans 2655:Armand de Brignac 2624:Tiffany & Co. 2457:Benefit Cosmetics 2313:Diego Della Valle 2288:Bernadette Chirac 2225: 2224: 2216:Succeeded by 2194:Diplomatic posts 2171:Rohatyn biography 1941:978-1-4165-3312-2 1673:978-1-4391-8196-6 1612:The Seattle Times 1561:(June 15, 2009). 1559:Kakutani, Michiko 1499:Cohan, William D. 1208:The Seattle Times 1141:978-0-02-866097-4 992:978-1-4391-8196-6 970:978-1-4165-3312-2 946:. April 26, 2007. 934:978-0-89206-508-0 895:978-0-89206-425-0 866:978-0-394-53450-3 330:investment banker 283: 282: 255:(daughter-in-law) 148:December 14, 2019 3516: 3444:Austrian bankers 3434:American bankers 3273: 3104: 3087: 3033: 2974: 2933: 2932: 2923: 2922: 2911: 2904: 2897: 2888: 2887: 2694:Cheval des Andes 2690:Chateau Galoupet 2664:Bodega Numanthia 2500:Make Up For Ever 2491:KVD Vegan Beauty 2477:Parfums Givenchy 2434:Stella McCartney 2308:Delphine Arnault 2270: 2251: 2244: 2237: 2228: 2227: 2199:Preceded by 2191: 2190: 2149: 2107: 2106: 2104: 2103: 2080: 2074: 2068: 2062: 2049: 2043: 2037: 2031: 2018: 2012: 2006: 2000: 1999: 1997: 1995: 1979: 1973: 1972: 1970: 1968: 1952: 1946: 1945: 1925: 1919: 1918: 1916: 1914: 1899: 1893: 1892: 1890: 1888: 1876: 1865: 1864: 1862: 1860: 1845: 1839: 1838: 1836: 1834: 1828:framemuseums.org 1820: 1814: 1813: 1811: 1809: 1793: 1787: 1786: 1784: 1782: 1767: 1761: 1760: 1758: 1756: 1740: 1734: 1733: 1731: 1729: 1715: 1709: 1708: 1706: 1704: 1695:. 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Index

Ukraine
Rohatyn

United States Ambassador to France
Bill Clinton
Pamela Harriman
Howard H. Leach
Vienna
Austria
New York City
New York
Democratic
Clarence Streit
Jeanne Greenberg Rohatyn
Nina Griscom
Middlebury College
BS
/ˈroʊɑːtÉȘn/
ROH-ah-tin
investment banker
Lazard
New York City
Municipal Assistance Corporation
Hurricane Sandy
United States Ambassador to France
Tartar
Polish Jew
Zlotshov
Rohatyn
Austrian Galicia

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