Ted Forstmann's Life, Legacy Remembered

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Nov. 22 (Bloomberg) -- James "Jimmy" Lee, vice chairman of JPMorgan Chase & Co., Michael Dolan, chief operating officer of IMG Worldwide Inc., and former U.S. Secretary of State George Schultz remember Ted Forstmann, IMG chief executive officer and the Wall Street dealmaker who sounded the alarm in the 1980s when junk bonds reshaped the leveraged-buyout industry he helped create. Forstmann died of brain cancer at his home in New York City on Nov. 20. He was 71. Bloomberg's Betty Liu reports. (Source: Bloomberg)

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