• Wall St. Giants Giving Little to Obama Party Fund-Raiser
  • Bank of America Was Told U.S. Aid May Help Shares, E-Mail Shows
  • Bear Manager Tannin Allegedly Said He Was Putting Money in Fund
  • Lehman Fees for European Insolvency Work Climb to $363 Million
  • Icahn Floats $6 Billion CIT Rescue
  • Einhorn Says U.S. Should Make JPMorgan, Wells Shrink
  • Einhorn shorts US ’short-term thinking’ Read the rest of this entry »

Tags: , , , , , , , , , , , , ,

  • Madoff son ‘runs away’
  • Bank of America Posts Third-Quarter Loss on Consumer Defaults
  • Press Release: Bank of America Announces Third-Quarter Net Loss of $1.0 Billion
  • Czar Blocks BofA Chief’s Pay
  • Bonuses Put Goldman in Public Relations Bind
  • Soros says U.S. economy will be drag on world growth
  • Wasserstein Death Payout: $188 Million Read the rest of this entry »

Tags: , , , , , , , , , , , , ,

  • Goldman Sachs Net Beats Estimates on Trading, Investment Gains
  • Press release: Goldman Sachs Reports Third Quarter Earnings Per Common Share of $5.25
  • Goldman Sachs Bonus Stigma May Overshadow Charitable Endeavors
  • Goldman’s Soft Sell: Its Warm, Fuzzy Side
  • Press release: Citigroup Reports Third Quarter Net Income of $101 Million
  • Wasserstein Dies, Leaves Deal-Making Legacy
  • Lazerd Press Release: Lazard Chairman & CEO Bruce Wasserstein, Age 61, Dies
  • Wasserstein role will be hard to fill Read the rest of this entry »

Tags: , , , , , , , , , , , , ,

  • Bank of America Relents, Will Hand Over Merrill Merger Files
  • JPMorgan tries to calm fears over UK
  • Lloyd Blankfein Op Ed: To avoid crises, we need more transparency
  • Goldman Sachs Cut to ‘Neutral’ by Meredith Whitney Read the rest of this entry »

Tags: , , , , , , , , , ,

  • Lazard’s Wasserstein Hospitalized
  • Wasserstein Hospitalized With Irregular Heartbeat
  • Huge profits put Goldman on track for pay bonanza
  • Blackstone in listing spree
  • Cioffi, Tannin Face U.S. Jury Over Bear Stearns Funds Collapse
  • A Case Pitting Spin Against Fraud
  • Stanford wins ruling in battle over fraud case defence
  • Ostrom, Williamson of U.S. Win Nobel Economics Prize Read the rest of this entry »

Tags: , , , , , , , , , , , , , , ,

Bruce WassersteinLazard CEO Bruce Wasserstein apparently got busy helping a recent Columbia Business School grad get preggers between the end of his marriage to Claude and his recent marriage to wife number four, Angela Chou.  Page Six tells us that he fathered a love child shortly after his split with Claude.  She's now ten months old, and Bruce "is bursting with pride"….

Read the rest of this entry »

Tags: ,

Bruce WassersteinBelated congratulations are due for Lazard CEO Bruce Wasserstein who reportedly got hitched again, according to Page Six.  But they don't know much about his new Mrs., other than "she is a much younger Asian woman".  Perhaps she's the same twenty-something Asian woman that was reported on his arm in Southampton last summer who Bruce was apparently introducing as his girlfriend. Per Page Six:

Read the rest of this entry »

Tags: ,

Uncategorized

Lazard-20080902

Are Lazard insiders (excluding Bruce Wasserstein) selling a boatload of stock for diversification purposes (the usual response) or are they hinting that there may be trouble brewing?

Senior executives at Lazard will sell
a $317m stake in the investment bank this month through a secondary offering of
common stock, writes Julie MacIntosh in New York . The $317m stake makes up one
eighth of their holding.

Kenneth Jacobs, the firm’s North
American banking head, will sell shares valued at $15m, while its vice chairman,
Steven Golub, will sell more than $13m of shares. Charles Ward III, Marcus Agius,
Gary Parr and Jeffrey Rosen, all of whom own a stake of just more than 1 per
cent of the firm, will each sell $11.6m of shares.

Bruce Wasserstein, chairman and chief
executive, will not sell shares. He and his family trusts own 1.91m shares of
Lazard common stock as well as exchangeable rights for another 9.96m shares.

Lazard executives to sell part-stake – Financial Times

Tags: ,

Uncategorized

Now that Lazard Freres Bruce Wasserstein has a more svelte look, he might be looking to
make other changes in his life.  No clue if this is true, but today’s NY
Daily News Rush & Molloy column suggests that Billionaire Bruce Wasserstein
could be "spinning off" wife number 3, Claude, who he married in 1996
and from whom he’s now separated, for "a young Asian beauty with whom he
may already be planning a family".  The young chickie is said to be in
her twenties, to Wasserstein’s 60.   According to the gossip column:

Read the rest of this entry »

Tags: , ,

Lazard CEO Bruce Wasserstein didn’t do too bad last year, compensation wise…..

Wasserstein, 60, extended his contract for
five years and received restricted stock worth $102.1 million at today’s closing
price. He was also granted a $36.2 million stock bonus for 2007, double the
prior year’s award, the New York-based company said today in a statement. Profit
advanced to $122.6 million, or $1.04 a share, from $85.8 million, or 78 cents, a
year earlier.

Read the rest of this entry »

Tags: , , ,

BusinessWeek’s Anthony Bianco interviewed Lazard Frere’s CEO Bruce Wasserstein who shared his thoughts on the market turmoil.  In short, he thinks it’s far from over.  He does think there will be more M&A, much of it by strategic buyers, but private equity, which might not be able to do the huge dieals once contemplated, isn’t going away::

You’ve seen plenty of turmoil on Wall
Street. What distinguishes this round?
Of course, it started with problems in the subprime [mortgage] market. To
protect themselves from that exposure, banks pulled back from risky assets of
other sorts. Lenders are waiting for existing loans to wash through the system
and for credit spreads and asset prices to recalibrate. Panic followed—an
undifferentiated, very unsophisticated panic that persists.

 

Read the rest of this entry »

Tags: ,

Uncategorized
   
      

      

BruceWassersteinbw-001
  • Doubts suface over strategy at Lazard
  • London attracts top 14 European hedge funds
  • Unsinkable junk
  • Paying The Piper – CEO’s Drilled By Angry IRS

   

 

Read the rest of this entry »

Tags: , , , ,

  • Private equity firms close in on Wasserstein’s ALM
  • Credit Suisse And Quattrone: Dueling Sequels

Read the rest of this entry »

Tags: , ,

Uncategorized

Brucewassersteinbusinessweek001

Businessweek20061026wassersteincover"I am trying to be fit": The current issue of BusinessWeek has Lazard’s Bruce Wasserstein featured as the cover story in an excellent piece entitled "The Taking of Lazard".  In the article he addresses the rumors of health issues.  While he didn’t specifically say "NO, I AM NOT SICK", sure to be seized upon by some, he says of the talk: "It’s just silly".  That’s a picture of him from the BW piece which we scanned from the magazine, since it didn’t appear to be published on the site.  From the article, the relevant passages regarding his health:

For Wasserstein, the strain of transforming Lazard was exacerbated by the terminal illness of his younger sister, the famed playwright Wendy Wasserstein, who died of lymphoma in January at age 55. Bruce assumed responsibility for raising Wendy’s only child, a 7-year-old daughter. Wasserstein has two young sons of his own with his wife, Claude, and also is father to three adult children by an earlier marriage.

The once-portly Wasserstein lost so much weight in recent months that rumors began circulating that he was gravely ill. "It’s just silly," says Wasserstein, who adds that he began exercising with a personal trainer to shed the pounds he piled on after joining Lazard. "I’m exactly the same weight I was 10 years ago. I go through these cycles. I am trying to be fit."

About 45 minutes into an interview, Wasserstein jumps up and walks across his office to fetch an elaborate coffee-and-ice-cream concoction melting on a table. "My secretary gave it to me," he says, attacking the drink with a plastic spoon.

"Is it your birthday?" I ask.

"No, no, it’s to fortify me for my first press interview," he says, a bit sheepishly. "Oh, the horrors!"

The Taking Of Lazard – BusinessWeek

Tags: ,

Uncategorized

Rumor department: Bruce Wasserstein health issues?

Posted by WSF On July - 27 - 2006

Brucewasserstein01_2No clue if there’s any truth whatsoever to this (hopefully there’s not), but bloggingstocks suggests that Lazard CEO Bruce Wasserstein may have health issues:

CEO Bruce Wasserstein seriously ill? That’s the word I’m hearing from the clubby world of Wall Street….

According to my source, a few weeks after the tragic death of his beloved sister Wendy, from lymphoma, and just after delivering his infamous report on Time Warner Inc. (NYSE: TWX), Bruce went into hiding for some eight weeks. He has lost 50 pounds and is said to look like a wobbly, 75-year-old. Bruce is 58 and has always been portly. He is apparently now back at work at Lazard and is to give a speech today.

Rumor: Is Lazard CEO Bruce Wasserstein seriously ill? – bloggingstocks

Tags: ,

Uncategorized

VIDEO

TAG CLOUD

RECENT

Sponsors

Contact Us | Twitter ID | RSS | Feedblitz

  • Charles Tyrwhitt wine.com Apple iTunes

Twitter