Teddy Forstmann will be remembered for many things: He was a philanthropist, an entrepreneur and a great banker. He nearly invented the private-equity business 30 years ago, and was of course incredibly rich… Teddy died Sunday night after a fight with brain cancer. It’s hard to say how long he had the tumors; he was misdiagnosed for months until a visit to the Mayo Clinic in the spring revealed a form of brain cancer similar to one that got Ted Kennedy.
NY Post, by Charles Gasparino, 11/21/11
Additional coverage: Radar Online