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Barry Ridings, Managing Director and Vice Chairman of Lazard Freres and Company, speaks at the 2009 Reuters Restructuring Summit in New York, September 29, 2009. View Photo »
Barry Ridings, managing director and vice chairman of Lazard Freres and Company, speaks at the 2009 Reuters Restructuring Summit in New York September 29, 2009. View Photo »
Deputy Chairman of Lazard LLC, USA, Jeffrey Rosen listens to speeches during a round table discussion at the World Economic Forum in Davos, Switzerland on Wednesday Jan. 28, 2009. View Photo »
Deputy Chairman of Lazard LLC, USA, Jeffrey Rosen gestures while speaking during a round table discussion at the World Economic Forum in Davos, Switzerland on Wednesday Jan. 28, 2009. View Photo »
New Lazard CEO Kenneth Jacobs is seen in this photo released to Reuters November 17, 2009. Lazard Ltd on Tuesday named insider Kenneth Jacobs as CEO and chairman, succeeding legendary Wall Street dealmaker Bruce Wasserstein, who died last month. View Photo »
In this undated photo released by Lazard Ltd. , Kenneth M. Jacobs, appointed by Lazard Ltd. , Tuesday, Nov. 17, 2009, as CEO and chairman, is shown. View Photo »
Newly named Chairman of the New York Philharmonic orchestra Gary Parr is interviewed by Reuters in his office at Lincoln Center in New York, June 11, 2009. View Photo »
Newly named Chairman of the New York Philharmonic orchestra Gary Parr is interviewed by Reuters in his office at Lincoln Center in New York, June 11, 2009. View Photo »
Newly named Chairman of the New York Philharmonic orchestra Gary Parr is interviewed by Reuters in his office at Lincoln Center in New York, June 11, 2009. View Photo »
Newly named Chairman of the New York Philharmonic orchestra Gary Parr is interviewed by Reuters in his office at Lincoln Center in New York, June 11, 2009. View Photo »
Newly named Chairman of the New York Philharmonic orchestra Gary Parr poses during an interview with Reuters in his office at Lincoln Center in New York, June 11, 2009. View Photo »
Newly named Chairman of the New York Philharmonic orchestra Gary Parr poses during an interview with Reuters in his office at Lincoln Center in New York, June 11, 2009. View Photo »
Felix Rohatyn, a former managing director at the investment banking firm Lazard Freres and Co. LLC, speaks at the Reuters Infrastructure Summit in New York, May 6, 2009. View Photo »
Felix Rohatyn, a former managing director at the investment banking firm Lazard Freres and Co. LLC, speaks at the Reuters Infrastructure Summit in New York, May 6, 2009. View Photo »
Felix Rohatyn, a former managing director at the investment banking firm Lazard Freres and Co. LLC, speaks at the Reuters Infrastructure Summit in New York, May 6, 2009. View Photo »
Labourers work inside a Satyam Computer Services building under construction in the southern Indian city of Hyderabad January 16, 2009. View Photo »
A man enters the Los Angeles Times building in Los Angeles, California December 8, 2008. View Photo »
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Barry Ridings, Managing Director and Vice Chairman of Lazard Freres and Company, speaks at the 2009 Reuters Restructuring Summit in New York, September 29, 2009.
View Photo »Barry Ridings, managing director and vice chairman of Lazard Freres and Company, speaks at the 2009 Reuters Restructuring Summit in New York September 29, 2009.
View Photo »Deputy Chairman of Lazard LLC, USA, Jeffrey Rosen listens to speeches during a round table discussion at the World Economic Forum in Davos, Switzerland on Wednesday Jan. 28, 2009.
View Photo »Deputy Chairman of Lazard LLC, USA, Jeffrey Rosen gestures while speaking during a round table discussion at the World Economic Forum in Davos, Switzerland on Wednesday Jan. 28, 2009.
View Photo »New Lazard CEO Kenneth Jacobs is seen in this photo released to Reuters November 17, 2009. Lazard Ltd on Tuesday named insider Kenneth Jacobs as CEO and chairman, succeeding legendary Wall Street dealmaker Bruce Wasserstein, who died last month.
View Photo »In this undated photo released by Lazard Ltd. , Kenneth M. Jacobs, appointed by Lazard Ltd. , Tuesday, Nov. 17, 2009, as CEO and chairman, is shown.
View Photo »Newly named Chairman of the New York Philharmonic orchestra Gary Parr is interviewed by Reuters in his office at Lincoln Center in New York, June 11, 2009.
View Photo »Newly named Chairman of the New York Philharmonic orchestra Gary Parr is interviewed by Reuters in his office at Lincoln Center in New York, June 11, 2009.
View Photo »Newly named Chairman of the New York Philharmonic orchestra Gary Parr is interviewed by Reuters in his office at Lincoln Center in New York, June 11, 2009.
View Photo »Newly named Chairman of the New York Philharmonic orchestra Gary Parr is interviewed by Reuters in his office at Lincoln Center in New York, June 11, 2009.
View Photo »Newly named Chairman of the New York Philharmonic orchestra Gary Parr poses during an interview with Reuters in his office at Lincoln Center in New York, June 11, 2009.
View Photo »Newly named Chairman of the New York Philharmonic orchestra Gary Parr poses during an interview with Reuters in his office at Lincoln Center in New York, June 11, 2009.
View Photo »Felix Rohatyn, a former managing director at the investment banking firm Lazard Freres and Co. LLC, speaks at the Reuters Infrastructure Summit in New York, May 6, 2009.
View Photo »Felix Rohatyn, a former managing director at the investment banking firm Lazard Freres and Co. LLC, speaks at the Reuters Infrastructure Summit in New York, May 6, 2009.
View Photo »Felix Rohatyn, a former managing director at the investment banking firm Lazard Freres and Co. LLC, speaks at the Reuters Infrastructure Summit in New York, May 6, 2009.
View Photo »Labourers work inside a Satyam Computer Services building under construction in the southern Indian city of Hyderabad January 16, 2009.
View Photo »A man enters the Los Angeles Times building in Los Angeles, California December 8, 2008.
View Photo »Barry Ridings, managing director and vice chairman of Lazard Freres and Company, speaks at the 2009 Reuters Restructuring Summit in New York September 29, 2009.
View Photo »Lazard can get back to business now that its chosen a successor to the late Bruce Wasserstein.
I enjoyed working with Bruce immensely as we and our colleagues united to transform the firm ... Together, with our leadership and colleagues in both the Financial Advisory and Asset Management businesses in Europe, the US and around the world, we have built an incomparable team of talent, and have unif...
is the gel between the old Lazard and the new Lazard
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
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.
Mr. Wasserstein was the main driver that created Lazard as a public company ... He forced the expansion of the business and his contacts brought in deals. He cannot be replaced easily or perhaps at all.
By contrast, Lazard’s statement late Sunday night was short, but to the point ... Wasserstein, 'has been hospitalized for an irregular heartbeat. His condition is serious, but he is stable and recovering,' the statement said.
News that Lazard chief Bruce Wasserstein had been hospitalized for an irregular heartbeat didn’t hurt the investment firm’s shares too much, down just 1% in Monday trading
A CEO doesn’t want his company's stock price to go up when he gets sick because it means investors don’t consider him a critical asset ... But he doesn’t want it to tank either. By being straightforward about Wasserstein’s illness, Lazard is enabling investors to decide for themselves about the possibil...
We wish Bruce Wasserstein the best of health and a speedy recovery. Lazard remains our lead financial adviser and this will not impact its role in our proposed offer for Cadbury.
The better modern equivalent for what she regarded as the business executive would be the McKinsey consultant or the merchant banker from Lazard, who are guaranteed to be a hundred times cleverer, more educated, more perceptive, and equipped with a wider perspective than any executive at Wal-Mart.
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