• 17 Oct 2013 at 3:41 PM

‘Mass Exodus’ Watch ’13: Lazard Capital Markets

According to Charlie Gasparino, the people of LCM are considering their options elsewhere.

“Sources are telling the FOX Business Network that there is a mass exodus out of Lazard Capital Markets by employees,” Gasparino said. “They feel that the firm is either going to do one of three things: sell itself to somebody else where they’ll do a massive downsizing or basically look for refinancing which is very difficult or shut down. Lazard tells us they’re still open for business, there’s no plans to imminently close…if you talk to anybody that works there they say the place is basically on its last legs.”

‘Mass Exodus’ at Lazard Capital Markets – FBN [SI via BI]

13 comments (hidden to protect delicate sensibilities)
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Comments (13)

  1. Posted by Guest | October 17, 2013 at 3:50 PM

    Meredith Whitney Group, Lazard Capital Management… how the mighty are falling.

  2. Posted by guest | October 17, 2013 at 3:59 PM

    that stache never gets old.

  3. Posted by the whale | October 17, 2013 at 4:14 PM

    there is a capital markets group at Lazard?

  4. Posted by Lyle | October 17, 2013 at 4:49 PM

    When gasparino rocks he rocks the dap zippers.

  5. Posted by Bill | October 17, 2013 at 5:40 PM

    Wow, are you guys and Charlie on the ball! The press release about FBR hiring 29 professionals from Lazard Capital Markets hit Bloomberg on Oct 14th. Which followed a Bloomberg story from 9/26 titled "Lazard Capital Continues to Explore Strategic Alternatives"

    Maybe it's just me but DB has lost more than a few steps lately. Opening Bell doesn't even get posted until well after the open, most days. Maybe time to head elsewhere.

  6. Posted by Guest | October 17, 2013 at 5:50 PM

    Chaz got this juicy tip from legendary body builder Johnny Jumbo, who was spotting his bench press last week on Venice Beach.

  7. Posted by a side | October 17, 2013 at 7:23 PM

    Bro, do you count?

  8. Posted by quant me maybe .. | October 17, 2013 at 7:43 PM

    Dealbreaker isn't about breaking the news. It's about commenting on news that has broken…. wind.

  9. Posted by Guest | October 17, 2013 at 7:49 PM

    Time to bring in John Corzine to hide, I mean lose, a couple of billions.

  10. Posted by Bronc | October 17, 2013 at 11:01 PM

    What a douche nozzle. Go be a dick on Bloomberg.

  11. Posted by The Gooch | October 18, 2013 at 12:25 AM

    oh baby

    – M. Bloomberg

  12. Posted by Shaz Mom | October 18, 2013 at 7:26 AM

    Some of us come for the Shazdenfreude.

  13. Posted by MacCBOE | October 18, 2013 at 6:00 PM

    How can u be so mean ?? Jon Corzine is INNOCENT of any wrong-doing. Just ask him !