Michel David-Weill was a French investment banker and chairman of Lazard and Eurazeo.
16 Facts About Michel David-Weill
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Michel David-Weill was born into a Jewish family on November 23,1932.
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Michel David-Weill started his public life by serving in French military.
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In 1956, Michel David-Weill joined Lazard Freres, and, in 1961, became a partner.
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In 1977, when Meyer became sick and Rohatyn turned down an offer to replace him, Michel David-Weill was named chairman.
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Michel David-Weill continued to work closely with managing director, Felix Rohatyn, who was made senior partner at Lazard in 1961.
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Michel David-Weill made numerous hires, including Steven Rattner as well as Kenneth M Jacobs the current Chairman of Lazard.
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Michel David-Weill reunited the three branches of Lazard by combining his stakes in Lazard New York and Paris, and a buyout of Pearson for its stake in Lazard London for more than $600 million.
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Lazard under the leadership of Michel David-Weill was put under pressure.
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In November 2001, Michel David-Weill hired Bruce Wasserstein as the CEO of Lazard.
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Michel David-Weill later stated that he regretted ever having hired Wasserstein.
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Michel David-Weill left Lazard to concentrate on his holdings and other business, the famous investment vehicle Eurazeo.
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Michel David-Weill was a director of Groupe Danone, one of the world's largest food-product companies.
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In 1956, Michel David-Weill married Helene Marie Lehideux, daughter of Robert Lehideux.
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Michel David-Weill was honored by the government of France, made a Commander of the Legion of Honor and a Commander of Ordre des Arts et des Lettres, the nation's highest cultural honor.
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Michel David-Weill died at his home in Manhattan on June 16,2022, at the age of 89.