Lazard

  • Lazard

    Meet Joel Sendek

    Joel’s a Lazard sell-side analyst. He’s like you, if you’re a sell-side analyst working at Lazard who puts your opinions about whether investors should buy, hold or sell bio-tech stocks into voicemail power ballads. Biogen? To the Stones’ “Satisfaction”: “…some useless documentation supposed to protect me from litigation…I can’t get no Tysabri-faction.” Genentech? To Rupert […]

    / Jun 6, 2007 at 12:55 PM
  • Hedge Funds, Lazard, parties

    Rock Out With Your Stock Out

    Ever wondered what it would be like to party with a bunch of hedgies? Besides the obvious—Loeb is a mean drunk,* Hudson claims he has no idea why he woke up wearing a skirt and heels,* Griffin is always suspiciously missing when it’s his turn to pick up the round*—there’s not that much in the […]

    / May 18, 2007 at 12:35 PM
  • Banks, Lazard

    Did Lazard not get an invite to the M&A party?

    Lazard, sitting at #10 in the M&A League Tables, didn’t experience the Q1 advisory growth of many of the top banks (cough…Goldman and Morgan Stanley). Lazard is quick to “highlight” in its earnings release that M&A revenue set a new quarterly record, although it only grew 1%. Counting a drop in financial structuring revenue, total […]

    / May 8, 2007 at 10:57 AM
  • Bank of America, Banks, Blackstone, Blackstone Group, GM, Goldman Sachs, Lazard, Lehman, M&A, Private Equity

    Chrysler Auction: Bids Due Thursday!

    It’s down to crunch time on the auction for Chrysler and major private equity firms have lined up their bankers to support their buyout proposals, according to a report this morning from the Detroit News. Blackstone and Centerbridge—who are working together—have Bank of America, Lazard and Lehman Brothers in their corner. Meanwhile, Cerberus Capital Management […]

    / Mar 27, 2007 at 10:44 AM
  • Lazard, Wasserstein

    This Year’s ‘Wasserstein Ho-Down’ Will Not Be A Cash Bar

    Bruce “Big Bucks” Wasserstein was awarded $18 million in restricted shares by Lazard Ltd. This represents an 80% increase from last year, when he got $10 million (plus a $4.2 million salary), thanks to a stock rise of 48% in 2006. The Wasserstein family currently owns $585 million in stock/stock rights; Wasserstein is the sixth-largest […]

    / Jan 26, 2007 at 9:12 AM
  • 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
  • Lazard

    Wasserstein Ill?

    Is Lazard CEO Bruce Wasserstein seriously ill? That’s what people are telling Peter Cohan. 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 […]

    / Jul 27, 2006 at 1:12 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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