Wasserstein Name and 1,000 Others To Go?

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A corporate reshuffle at Dresdner Bank may include cutting Bruce Wasserstein’s name from its investment banking unit, Dresdner Kleinwort Wasserstein, as well as job cuts in the investment bank's London offices, according to reports. DKW was formed when Dresdner Bank bought Wasserstein Perella in 2000 for about $1.37 billion. Wasserstein left in 2001 to become chairman and Chief Executive Officer of Lazard Frères. Joseph Perella had left the firm in 1993.

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[Reuters]

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