RSS feedbruce wasserstein
’Lazard’s posthumous $87m expense
The eagle-eyed types at the WSJ’s Deal Journal blog have spotted something that should give Lazard investors pause for thought – the tremendous expenses related to paying stock awards to the late, great Bruce Wasserstein.
Golub named after Wasserstein death
Steven Golub, vice chairman of Lazard, was named interim CEO of the firm following the death of Bruce Wasserstein, the pre-eminent Wall Street dealmaker who took the bank public in 2005, reports Bloomberg. Wasserstein died on Wednesday at the age of 61, reports the FT,
Bruce Wasserstein 1947-2009
Related links:
Lazard’s dealmaker in hospital with heart problem – FT
Golub Most Likely Wasserstein Successor, Cohan Says – Bloomberg
The ‘end of the beginning’, according to Bruce
Just as we were all thinking we’d go mad if we heard the term “green shoots” one more time, Lazard’s chief executive Bruce Wasserstein has obligingly come up with a Rumsfeldian phrase (or better still,
… While Lazard suffers profit drop
Lazard suffered a drop in Q2 deal advisory revenues and net profit but reported better-than-expected results on Wednesday, helped by its asset management business. The US investment bank run by Bruce Wasserstein had disappointed investors in the first quarter with flat revenues from its core business of corporate deal advice.
Still waiting for the Wasserstein masterstroke
In the space of two years, Bruce Wasserstein has brought peace to Lazard, a company legendary for the squabbles between star bankers who controlled small fiefdoms within the institution, write James Politi and Peter Thal Larsen in an FT news analysis.