In the world of high finance, where an elite group of Wall Street dealmakers commands million-dollar fees for putting together megadollar agreements, Felix Rohatyn is the first among equals. As a senior partner at Lazard Freres, a New York investment-banking firm, he has presided over hundreds of mergers and acquisitions. In October, General Electric Chairman John Welch and RCA Chairman Thornton Bradshaw started talking about a merger over drinks at Rohatyn's Manhattan apartment.
Though he can claim credit for inventing many of the tools of modern corporate mergers, Rohatyn (pronounced Row-ah-tin) these days is like the sorcerer whose apprentices have run...
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