he story out of Switzerland that Tuesday in early March was startling, yet oddly familiar. The financier Edouard Stern, one of Europe's richest men, confidant to any number of French politicians, the man who had once been heir apparent at the elite AngloFrench investment-banking firm of Lazard Frères & Co., had been found dead in Geneva, in his locked penthouse apartment.
"People are just in shock," William Cohan tells me the next day. Cohan is a one-time Lazard banker who has recently been interviewing David-Weill, Felix Rohatyn, and other current and former Lazard partners for a forthcoming book on the firm to be calledhe was to interview Stern the week after the murder."Look," Cohan says,"a lot of people didn't like this guy. Some feel, at a visceral level, you know, 'I'm not going to shed tears for this guy.
At first I didn't understand."Hold on," I said."You were calling me about Stern before he was murdered?" Forty-eight hours later, I find myself staring down at the rooftop of the main branch of the New York Public Library from a perch inside Keil's spartan Fifth Avenue offices. Keil informs me he had been running the New York office of Stern's main investment vehicle, Investments Real Returns , off and on for the last seven years. With Stern, he had helped to broker the sale of the Republic National Bank to the HSBC conglomerate in the weeks after Safra's death.
However far-fetched it sounded, Keil believed the murder might have been linked to the Rhodia litigation. This had been a subject of some debate within Stern's inner circle the day of the memorial service, he says. When he arrived in Paris for the service, Keil found Stern's number-two man, Michel Garbolino, irate."I told him not to bring this suit!" Garbolino seethed."I told him!"Suddenly calmer, Garbolino replied,"No, I don't.
"What I found remarkable was that, though in the interim he had been enormously successful, he was unchanged—the continuity between the teenager and the accomplished businessman, I found that so interesting," Braunschvig says."The way he stood out, both in his youth and as a mature man, I would characterize it as dashing. He had a dashing personality in both senses of the word. Everything he did, he did with speed and brilliance. He was like that at 15.
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