Frank Pizzitola, a general partner at Lazard Freres & Co. who worked with such legendary figures as Andre Meyer, Michel David-Weill and Felix Rohatyn during a 21- year career at the investment bank, has died. He was 89.
Hugh Carey, the two-term New York governor who helped New York City avert bankruptcy in 1975 by imposing financial controls and made tough choices on the state level to cut taxes and balance the budget, has died. He was 92.
John Phelan, who led the New York Stock Exchange into the modern era of competition and huge trading volumes and provided calm at the center of the storm when stock prices crashed in October 1987, has died. He was 81.
Wall Street, the global financial community reeling from public outrage and increased regulation, is proving incapable of finding a champion to replace sidelined JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon.