NEW YORK: Felix Rohatyn, a towering figure on Wall Street credited with saving New York from insolvency and who later served as US ambassador to France, has died at age 91.
Rohatyn quickly learned English - at one point he even tutored a young Edith Piaf while the singer was working in New York, the Times reported - and then plunged into the world of finance, making a mark as a skilled deal-maker and sought-after merger specialist. The job of restoring the metropolis to financial health proved more daunting than expected - Rohatyn stayed with the task for years, even after the city finally balanced its budget in 1980.
Finally 1 less pensioner to feed!
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