Parmelee, E. (1969). At the time, mergers and acquisitions (M&A) under the then changed economic and regulatory environment, was in a sense a new field in which very few had experience. Wendy Wasserstein was born in New York City on October 18, 1950. At the time Cravath was representing First Boston Corporation, an investment bank that had just hired Joseph Perella to head up an investment advisory service to do mergers. Word around town was that Chao was fine with his decision to adopt Wendy Wassersteinâs daughter, Lucy Jane, and have her come live at 927 Fifth after Wendyâs death. Like most successful prominent figures, Bruce and Wendy Wasserstein were a product of the times and place in which they grew up and lived — in their case New York City from 1950 to 2009. Their lives and professional successes, as well as their personal tribulations, are in certain respects emblematic of life in New York in this period, and also of the influences and attitudes forged from their immigrant Jewish parents in the preceding period. December 23, 2020 by James S. Kaplan 2 Comments. In depicting Heidi as troubled over career and family, Wendy Wasserstein inadvertently fed a media hype, a new feminine mystique about the either/or choices in a woman's life. However, with low stock prices and an inflation-induced appreciation in the value of corporate assets, the conditions were ripe for a wave of corporate acquisitions and mergers that would cause a significant revival of Wall Street and the economy of New York City. Bruce Wasserstein, the financier and corporate takeover adviser, and his sister Wendy Wasserstein, the Pulitzer Prize-winning playwright and author, were among the most accomplished and famous New Yorkers of the late 20th and early 21st centuries. The Wendy Wasserstein Papers, 1954â2006, are available to researchers at the Mount Holyoke College Archives and Special Collections. Notify me of follow-up comments by email. Their daughter Sandra W. Meyer, a prominent marketing executive, died in 1998. It was subsequently completed by Christopher Durang, set by Deborah Drattell, and is in development with Lauren Flanigan.[when?]. Rather than following her siblings to the University of Michigan, Wendy attended Mount Holyoke College and graduated in 1971. The late 1960s and early 1970s, when Bruce and Wendy’s family lived on the Upper East Side and they attended college and graduate school, was a period of considerable social and economic upheaval. [16][17], Wasserstein was hospitalized with lymphoma in December 2005 and died at Memorial Sloan Kettering Cancer Center on January 30, 2006 at the age of 55. This play, which is generally considered her best, won the Pulitzer Prize and a Tony Award. Her plays, which explore topics ranging from feminism to family to ethnicity to pop culture, include The Sisters Rosensweig, Isn't It Romantic, An American Daughter, Old Money, and her last work, which opened in 2005, Third.[9]. Wendy was the youngest of five siblings, including brother Bruce Wasserstein, a well-known investment banker. The clan included playwright Wendy Wasserstein, banker Bruce Wasserstein, business executive Sandra Meyer and Abner Wasserstein, an advocate for the disabled. She died of lymphoma in January 2006, leaving her seven-year-old daughter to be adopted by Bruce. These efforts were invariably resisted by the existing corporate management, who frequently heretofore had felt invulnerable to attack. The authorized biography of Pulitzer Prize-winning playwright Wendy Wasserstein. (1976) The advantages of being dyslexic. Wasserstein commented that her parents allowed her to go to Yale only because they were certain she would meet an eligible lawyer there, get married, and lead a conventional life as a wife and mother. But the low stock prices did open up a significant opportunity. In addition, she wrote the screenplay for the 1998 film The Object of My Affection, which starred Jennifer Aniston and Paul Rudd. Wife of Morris W. Wasserstein and George Wasserstein. Certainly Morris and Lola were immensely proud of both Bruce and Wendy’s professional accomplishments. family to New Jersey in 1931, then moved to Brooklyn and the Upper East Side. Birthplace: Poland. Follow the New York Almanack each day via E-mail, RSS, Twitter or Facebook updates. Wasserstein was born to a Jewish family in Brooklyn, the daughter of Morris Wasserstein, a wealthy textile executive, and his wife, Lola (née Liska) Schleifer, who moved to the United States from Poland when her father was accused of being a spy. Wasserstein "once described her mother as being like 'Auntie Mame'". Photo of Bruce Wasserstein, Chairman and CEO of Lazard Freres, in 2008; and Pulitzer Prize-winning playwright Wendy Wasserstein at the Whitney Museum of American Art gala, 2000. Unable to find a paying job, she enrolled in a creative writing program at City University taught by the novelist Joseph Heller. When Wendy died, her daughter was adopted by Bruce, and when he died, in 2009, his ex-wife Claude Becker became her guardian. Wendy Wasserstein's father was Morris Wasserstein Wendy Wasserstein's mother was Lola Wasserstein Wendy Wasserstein's children: Wendy Wasserstein's daughter is Lucy Wasserstein Wasserstein is described as an author of women's identity crises. In 2007 she was featured in the film Making Trouble, a tribute to female Jewish comedians, produced by the Jewish Women's Archive. [3] "Her heroinesâintelligent and successful but also riddled with self-doubtâsought enduring love a little ambivalently, but they did not always find it, and their hard-earned sense of self-worth was often shadowed by the frustrating knowledge that American women's lives continued to be measured by their success at capturing the right man. Critics hailed it as one of the first plays to focus primarily on middle-aged women; it won Wasserstein the William Inge Award for Distinguished Achievement in American Theatre. The affair crushed Wasserstein's other children, who at the time were mourning the death of their beloved aunt, Pulitzer prize-winning playwright Wendy Wasserstein, and a grandmother. By a combination of shrewd investments as well as his years of outsized Wall Street salaries, Forbes in 2009 listed his net worth as $2.5 billion and named him as the 147th richest man in America. [4], A graduate of the Calhoun School (she attended from 1963 to 1967),[5] Wasserstein earned a B.A. Frequently this was done through a “hostile” tender offer in which the shareholders of the target would be offered a price per share that usually represented a premium over the trading price to permit the acquirer to obtain control. [11], Wasserstein also wrote the books to two musicals. Wassersteinâs father was a textile manufacturer. The acquirer would then frequently fire the company’s existing management and replace it with managers experienced in corporate restructuring who were loyal to the new owners. Armed with an “A” average from City College and Joseph Heller’s enthusiastic recommendation, she was then accepted at the Yale Drama School, where she began in the fall of 1973. Although with the rise in stock prices, the volume of mergers may not have been as robust as in the 1980s, the firm did a solid business. The Sisters Rosensweig is a contemporary play by Wendy Wasserstein, first performed in 1992.It follows the complicated lives of three middle-aged Jewish-Americans. Probably the high point in this series was “The Heidi Chronicles,” first performed in 1989, about Heidi Holland, a 40-year-old art professor and strong follower of the women’s movement who finds that despite her significant professional success, she is somewhat stranded socially and emotionally. Bulletin of the Orton Society. In Wendy and the Lost Boys bestselling author Julie Salamon explores the life of playwright Wendy Wasserstein's most expertly crafted character: herself. But that was only the beginning. [13], She wrote the libretto for the opera Best Friends, based on Clare Boothe Luce's play The Women, but it was uncompleted when she died. Wendy Wasserstein was born in Brooklyn, New York on October 18, 1950, the youngest of four children. Crafted character: herself, 2020 by James S. Kaplan 2 Comments the! 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