In 2002, he left the unit Dresdner Kleinwort Wasserstein (formed by merging Dresdner's United Kingdom unit Kleinwort Benson with Wasserstein Perella) to become head of the financial services firm Lazard. In 1988, with colleague Joseph Perella, he left First Boston to form investment bank boutique Wasserstein Perella & Co., which he sold in 2000, at the top of the late 1990s bull market, to Germany's Dresdner Bank for around $1.4 billion in stock. in 1977 and eventually rose to co-head of that company's then-dominant merger and acquisition practice. Starting his career as an attorney at Cravath, Swaine & Moore, Wasserstein then moved to First Boston Corp. Wasserstein attended the Yeshiva of Flatbush for high school. Wasserstein had four siblings: businesswoman Sandra Wasserstein Meyer Pulitzer Prize-winning playwright Wendy Wasserstein (whose daughter, Lucy Jane, he was raising at the time of his death) Abner Wasserstein (died 2011) and Georgette Levis (died 2014), who was married to psychiatrist Albert J. His maternal grandfather was Simon Schleifer, a Jewish teacher in the yeshiva in Wloclawek, Poland who later emigrated to Paterson, New Jersey and became a Hebrew school principal. His father, a Jewish immigrant from pre-World War II Poland, emigrated to New York City and started a ribbon company. Wasserstein was born and raised in Midwood, Brooklyn, New York, the son of Lola (née Schleifer) and Morris Wasserstein. He was prominent in the mergers and acquisitions industry, credited with working on 1,000 transactions with a total value of approximately $250 billion. He was a graduate of the McBurney School, University of Michigan, Harvard Business School, and Harvard Law School, and spent a year at the University of Cambridge. Bruce Jay Wasserstein (Decem– October 14, 2009) was an American investment banker, businessman, and writer.
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