Skip to main content

Lazard International's CEO Quits After 6 Weeks

  • Author:
  • Updated:

Let's not jump to any conclusions just yet here.

Apparently he was just having some trouble with the whole life/work balance.

After six weeks on the job, Lazard International chief executive officer Naguib Kheraj is stepping down, the firm announced today in an e-mailed statement. He will also relinquish his role as deputy chairman of the firm. Kheraj, 46, joined the firm in January and said he will leave to focus on philanthropic activities and other personal interests.

"I am very sad to be leaving Lazard, and have not taken this decision lightly," said Kheraj in the statement. "I underestimated the difficulty of managing my external activities in a way that would enable me to be properly engaged in an executive role."

Lazard CEO Steps Down After 6 Weeks [FINS]


Quitting Watch '13: Bank of America

A whole bunch of mini Moynihans are said to have left the building.

Lazard Intern Turned Porn Star Talks Likes And Dislikes

Likes: Chipotle. Dislikes: Wall Street guys who eat Potbelly in front of her.

Securities And Exchange Commission To Make A Couple Calls Re: Vikram Pandit's Breakup With Citi

The Securities and Exchange Commission has launched a probe into the messy departure of Vikram Pandit as chief executive of Citigroup and whether the board of directors of the big bank properly disclosed his ouster, the FOX Business Network has learned. One person familiar with the matter says the SEC’s inquiry is informal and has not reached the level of a full-blown investigation. But it is a sign the SEC is clearly interested in the circumstances surrounding Pandit’s official “resignation” from the big bank. Those details have been in dispute since the October 16 announcement. Both Pandit and Citigroup chairman Michael O’Neill have said in interviews and during conference calls with analysts that the decision was Pandit’s to leave the firm. [FBN, earlier]

Yahoo! RésuméGate: Day 6

Patti S. Hart, the Yahoo director who headed the board search committee that picked Scott Thompson as the company’s chief executive, will not stand for re-election, a person briefed on the matter told DealBook on Tuesday. Ms. Hart’s departure, which could be announced as soon as Tuesday afternoon, is the first significant response by Yahoo amid the growing controversy over Mr. Thompson’s academic record. The company is also expected to formally announce later on Tuesday the formation of a three-member board committee to investigate Mr. Thompson’s hiring and how erroneous academic information appeared in official company documents. [Dealbook, earlier]