Felix G. Rohatyn, the Wall Street financier who helped steer New York City through the financial crisis of the 1970s, said Friday he is resigning as chairman of the Municipal Assistance Corp.
Speaking at the annual meeting of the MAC board of directors, Rohatyn said that with several new members coming to the board, the time is right to resign. Rohatyn served as MAC chairman for 18 years. He said New York State Gov. Mario M. Cuomo will probably choose his successor before the end of the month.