Lazard Ltd
News and overview for Lazard Ltd
Lazard names Jacobs new CEO - MarketWatch
MarketWatch | 6 days 1 hour 23 minutes ago
Jacobs was formerly CEO of Lazard North America. Interim CEO Steve Golub will continue as vice chairman and chairman of Lazard's financial advisory group.
Lazard names new chief - MarketWatch
MarketWatch | 6 days 2 hours 6 minutes ago
LAZ
Lazard feels the void left by Wasserstein MarketWatch First Take - MarketWatch
MarketWatch | 12 days 23 hours 23 minutes ago
That struggle is becoming public as three frontrunners have emerged to take leadership of the firm. Ken Jacobs, Gary Parr and Steve Golub, all senior executives, have emerged as candidates to share power in a multi-headed management structure at Lazard, according to the New York Post. See full story.
Lazard CEO Wasserstein hospitalized - MarketWatch
MarketWatch | 42 days 6 hours 17 minutes ago
The firm characterized Wasserstein's condition as serious, but added that he is stable and recovering.
Lazard CEO Wasserstein dies, WSJ reports - MarketWatch
MarketWatch | 39 days 18 hours 58 minutes ago
Spokeswomen at the investment bank didn't immediately respond to phone calls and an email seeking comment.
Lazard CEO Wasserstein is dead, WSJ reports - MarketWatch
MarketWatch | 39 days 19 hours 15 minutes ago
U.S. stock rally propels Dow above 10,000
Lazard names longtime company insider Kenneth Jacobs to succeed Wasserstein as CEO, chairman
Hartford Courant (Conn.), The | 5 days 22 hours 25 minutes ago
Lazard Ltd. on Tuesday appointed 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 Names Wasserstein s Successor
Wall Street Journal, The | 5 days 22 hours 51 minutes ago
Lazard has found its new CEO. The Wall Street firm named Kenneth M. Jacobs as chairman and chief executive, promoting the leader of its North American banking effort after the death of Bruce Wasserstein.
Lazard Shares Up After Naming CEO
TheStreet.com | 5 days 21 hours 7 minutes ago
NEW YORK (TheStreet) -- Lazard Ltd.(LAZ Quote) shares rose in early afternoon trades Tuesday after the company named longtime insider Kenneth Jacobs to the chairman and CEO posts.
Lazard CEO Bruce Wasserstein dies at 61
Boston Globe, The | 39 days 9 hours 17 minutes ago
Bruce Wasserstein, the CEO of Lazard Ltd. and a prominent Wall Street dealmaker who helped negotiate some of the largest corporate takeovers in history, died Wednesday. He was 61. The death of the driving force behind Lazard raises questions about the future of one of Wall Street's top mergers and acquisitions advisory firms.
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 35 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 CEO's illness raises concerns on succession
Forbes | 41 days 19 hours 59 minutes ago
* Lazard succession plans have not been announced * Lazard not giving updates on CEO's conditionArticle Controlsemail
Lazard CEO Bruce Wasserstein dies
Yahoo! | 39 days 11 hours 54 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 CEO Bruce Wasserstein hospitalized
Boston Globe, The | 42 days 1 hour 14 minutes ago
NEW YORKBruce Wasserstein, a prominent Wall Street dealmaker and CEO of Lazard Ltd., was hospitalized with an irregular heartbeat.
Home Depot, Exxon Mobil, Target in focus - MarketWatch
MarketWatch | 6 days 1 hour 23 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.
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 |
