Bruce Wasserstein

  • bonuses, Bruce Wasserstein, Lazard

    Lazardites Can Sell Stock Early

    Bonus season got a little better for some senior investment bankers at Lazard the other day. They’re going to get to sell some of the stock they got in the firm’s IPO early, in an attempt to make up for smaller bonsues that had some grumbling, especially since chief executive Bruce Wasserstein was getting ricer […]

    / Nov 24, 2006 at 10:32 AM
  • Bruce Wasserstein, Lazard

    Is Bruce Wasserstein Ailing? More Reports

    Reports of Bruce Wasserstein’s allegedly deteriorating health continue to come in to Peter Cohan following up on his July 27th post. Claims that Wasserstein’s health is “fine” are at odds with reports I’ve received since July 27. For instance, on August 11, a person who has seen Wasserstein recently said, “He has a prior heart […]

    / Aug 15, 2006 at 1:33 PM
  • Bruce Wasserstein, Lazard

    Wasserstein Has the Last Laugh. Again.

    Lazard earnings are out and takeover revenue from the last quarter was he highest it’s been since 2000. Earnings are up 68%. And the musak on the conference call to which we’re currently listening is 39% better than the musak on the Overstock call. At any rate, business is good and we imagine Bruce Wasserstein […]

    / May 9, 2006 at 10:29 AM
  • Bruce Wasserstein, General Electric, Lazard, Valuation

    Idov vs. Excel. Idov: 0; Excel: 1.

    Per our earlier post, private equity anonyblogger Equity Private re-values GE based on Michael Idov’s assumptions about how Daily Candy gets to a $100 million valuation**: General Electric trailing twelve months of revenue: $144.4 billion. GE market cap (April 24, 2006): $358.8 billion. Control premium for acquisition of GE (2005 average): 30% Optimism factor applied […]

    / Apr 24, 2006 at 3:16 PM

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