‘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]

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13 Responses to “‘Mass Exodus’ Watch ’13: Lazard Capital Markets”

  1. Guest says:

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

  2. guest says:

    that stache never gets old.

  3. the whale says:

    there is a capital markets group at Lazard?

  4. Lyle says:

    When gasparino rocks he rocks the dap zippers.

  5. Bill says:

    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. Guest says:

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

  7. a side says:

    Bro, do you count?

  8. Guest says:

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