Lazard Ltd
News and overview for Lazard Ltd
Lazard names longtime company insider Kenneth Jacobs to succeed Wasserstein as CEO, chairman -- South Florida Sun-Sentinel.com
Sun-Sentinel (Fort Lauderdale, Fla.) | 6 days 14 hours 45 minutes ago
NEW YORK (AP) — Lazard Ltd. is naming Kenneth M. Jacobs as CEO and chairman, choosing a longtime executive at the investment advisory firm to fill vacancies from last month's sudden death of Chairman and CEO Bruce Wasserstein.
Lazard Chairman & CEO Bruce Wasserstein, Age 61, Dies [Press Release]
Business Wire | 40 days 8 hours 25 minutes ago
Bruce Wasserstein, Chairman and CEO of Lazard Ltd (NYSE: LAZ), has passed away at the age of 61. Mr. Wasserstein had been hospitalized in serious condition for an irregular heartbeat. The exact cause of death has not yet been determined.
Lazard CEO's illness raises concerns on succession
Forbes | 42 days 10 hours 9 minutes ago
* Lazard succession plans have not been announced * Lazard not giving updates on CEO's conditionArticle Controlsemail
Lazard CEO Bruce Wasserstein dies
Yahoo! | 40 days 2 hours 4 minutes ago
NEW YORK (Reuters) – Bruce Wasserstein, the legendary Wall Street deal maker identified with an era of no-holds-barred takeover battles, has died at the age of 61. His death leaves major questions about the future direction and leadership of Lazard Ltd., the investment bank he headed.
Lazard Global Total Return & Income Fund Declares Monthly Dividend [Press Release]
Business Wire | 5 days 12 hours 18 minutes ago
The Board of Directors of Lazard Global Total Return & Income Fund, Inc. (the “Fund”) (NYSE:LGI) has authorized the Fund to declare today, pursuant to a level distribution policy, a monthly distribution of $0.07594 per share on the Fund’s outstanding common stock. The distribution is payable on December 23, 2009 to shareholders of record on December 11, 2009. The ex-dividend date is December 9, 2009. Based on currently available information, it is estimated that a significant portion of this ...
Lazard World Dividend & Income Fund Declares Monthly Distribution [Press Release]
Business Wire | 5 days 12 hours 3 minutes ago
The Board of Directors of Lazard World Dividend & Income Fund, Inc. (the "Fund") (NYSE:LOR) has authorized the Fund to declare today a monthly distribution of $0.0467 per share on the Fund’s outstanding common stock. The distribution is payable on December 23, 2009 to shareholders of record on December 11, 2009. The ex-dividend date is December 9, 2009. Based on currently available information, it is estimated that a significant portion of this distribution will constitute a return of capital.
Home Depot, Exxon Mobil, Target in focus - MarketWatch
MarketWatch | 6 days 15 hours 33 minutes ago
European shares halted their recent advances, pressured by weakness in the banking sector. Most Asian stock markets ended slightly lower, despite a strong performance for resource stocks, as fatigue set in after recent gains.
Lazard CEO Bruce Wasserstein hospitalized
San Diego Union-Tribune | 42 days 17 hours 16 minutes ago
NEW YORK Bruce Wasserstein, a prominent Wall Street dealmaker and CEO of Lazard Ltd.,
Statement from Lazard [Press Release]
Business Wire | 43 days 5 hours 14 minutes ago
Bruce Wasserstein, Chairman and CEO of Lazard Ltd (NYSE: LAZ), has been hospitalized for an irregular heartbeat. His condition is serious, but he is stable and recovering. We will not be providing updates at this time.
Lazard CEO Wasserstein hospitalized for irregular heartbeat; in serious but stable condition
Sun (Baltimore), The | 42 days 17 hours 17 minutes ago
Bruce Wasserstein, a prominent Wall Street dealmaker and CEO of Lazard Ltd., was hospitalized with an irregular heartbeat.
Wasserstein's death sends Lazard shares lower
Forbes | 39 days 14 hours 45 minutes ago
NEW YORK -- Shares of Lazard Ltd. are dropping the morning after the death of CEO Bruce Wasserstein, as investors worry about the investment bank's future without its legendary leader.
Lazard stock up slightly after CEO death
Canada.com | 39 days 8 hours 26 minutes ago
PHILADELPHIA/NEW YORK -- Shares of Lazard Ltd finished up 2 U.S. cents after earlier falling as much as 5% on Thursday following the death of the investment banks chief executive, legendary Wall Street dealmaker Bruce Wasserstein.
Lazard Declares Quarterly Dividend [Press Release]
Business Wire | 27 days 9 hours 40 minutes ago
Lazard Ltd (NYSE: LAZ) today announced that its Board of Directors has voted to declare a quarterly dividend of $0.125 per share on its outstanding Class A common stock. The dividend is payable on November 27, 2009, to stockholders of record on November 6, 2009.
Lazard stock drops following Wasserstein's death
Forbes | 39 days 13 hours 32 minutes ago
* Stock falls as much as 5 percent * Steven Golub serving as interim CEOArticle Controlsemail
Bruce Wasserstein's unfinished business David Weidner's Writing on the Wall - MarketWatch
MarketWatch | 39 days 13 hours 29 minutes ago
As his one-time partner, Joseph Perella, put it late Wednesday, Wasserstein "was a rare talent and a great loss."
Company Overview
| Company: | Lazard Ltd |
|---|---|
| Industry: | Large-Market Investment Banking |
| Website: | http://www.lazard.com |
It's all for one and one for all at Lazard. The venerable firm (dating back to 1848 New Orleans) offers financial advisory (some 60% of sales) and asset management services from offices in some two dozen countries. Lazard provides advice in corporate restructurings and mergers & acquisitions. Industry specialties include consumer, health care, energy, real estate, media, and telecom. Its asset management operations have about $134 billion in assets under management. Lazard provides investment management to primarily institutional clients. Subsidiaries include private equity firm Fonds Partenaires-Gestion, which invests in French companies, and Lazard Frères Banque, which manages Lazard's commercial positions.
Key Numbers
| Sales in U.S. Dollars (mil.) | 1,557.2 (2008) |
|---|---|
| One-year % Growth in Sales | -18.8 (2008) |
| Net Income in U.S. Dollars (mil.) | 3.1 (2008) |
| One-year % Growth in Net Income | -98.0 (2008) |
| Number of Employees | 2,434 (2008) |
| One-year % Growth in Number of Employees | 231.2 (2008) |
| Fiscal Year-End | December |