1. QUOTE from:
    Lazard Stock Drops Following Wasserstein's Death
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    "Mr. Wasserstein was the driving force behind the revival of the company, its public offering and its aggressive moves in recent years to grow once again." "Lazard has an ample bench of very talented people that suggest that it can re-emerge as a major factor in mergers and acquisitions and restructuring after Mr. Wasserstein's death. However, one must assume that the rebound will not be immediate" Bove said. Lazard has more than 150 senior managing directors — more than three times as many as rivals such as Greenhill and Evercore Partners [GHL Loading... Full Article at CNBC
    Lazard has an ample bench of very talented people that suggest that it can re-emerge as a major factor in mergers and acquisitions and restructuring after Mr. Wasserstein's death. However, one must assume that the rebound will not be immediate
    SOURCE: CNBC 1 month ago
All quotes from:
Lazard Stock Drops Following Wasserstein's Death
  1. The stock will likely face some pressure until the succession question gets answered and the new CEO spells out a strategy
    SOURCE: CNBC 1 month ago
  2. While Mr. Wasserstein was a tremendous figurehead and had a well deserved reputation as a brilliant dealmaker, we do not expect this event to have a material impact on Lazard's overall financial results
    SOURCE: CNBC 1 month ago
  3. Any void in leadership creates uncertainty, and the market doesn't like uncertainty
    SOURCE: CNBC 1 month ago
  4. The loss of Mr. Wasserstein will harm Lazard ... Mr. Wasserstein was the driving force behind the revival of the company, its public offering and its aggressive moves in recent years to grow once again.
    SOURCE: CNBC 1 month ago

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