Time Warner has been managed for the short term. This has damaged the company’s fundamental competitive position and its prospects for growth. This approach has cost shareholders a staggering $40 billion.
Bruce Wasserstein QuotesShowing all quotes
|Birth:||25th December, 1947|
|Death:||14th October, 2009|
|Profession:||Banker, Businessman, Financier, Writer|
Bruce Wasserstein was born in Midwood, Brooklyn, New York. He was an American investment banker, businessman, and writer. 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. He was prominent in the mergers and acquisitions industry, credited with working on 1,000 transactions with a total value of approximately $250 billion. Wasserstein controlled Wasserstein & Co., a private equity firm with investments in a number of industries, particularly media. In 2004, he added New York Magazine to his media empire. In July 2007, he sold American Lawyer Media to Incisive Media for about $630 million in cash.
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