• Most Popular
  • Most Shared

Lazard may get more than one leader: report

Tue Nov 10, 2009 4:42am EST

(Reuters) - Investment bank Lazard's board may pick more than one person to lead the company following the death of Chief Executive Bruce Wasserstein, the New York Post said.

Interim CEO Steve Golub may be made chairman and Ken Jacobs named as CEO, the paper cited a source as saying, adding that Vice Chairman Gary Parr could also get a leadership role.

Lazard is not expected to announce Wasserstein's successor for another two weeks as no final decision has been made, the paper cited a source as saying.

Lazard could not immediately be reached for comment outside regular U.S. business hours.

(Reporting by Supantha Mukherjee in Bangalore; Editing by Greg Mahlich)



More from Reuters

Photo

Fed seen renewing low rates, extended period vow

WASHINGTON (Reuters) - The Federal Reserve is expected to hold interest rates near zero at a meeting on Tuesday and renew its pledge to keep borrowing costs very low for a long time, but could note a brightening economic picture and hint at being closer to dropping the vow.

Migrant labors walk at a construction site near Hongqiao Airport in Shanghai June 8, 2009. Chinese economy has bottomed out but will need two to three years to regain its rapid growth, a researcher with the country's top think-tank was quoted by state media as saying. REUTERS/Aly Song

China building a debt mess

There's a darker side to China's relentless investments: vast sums borrowed by local governments and plowed into projects that will never pay for themselves.  Full Article 

Handout photo of author Michael Lewis. REUTERS/Handout
Coming Up Tuesday, March 16:

A live chat with Michael Lewis

Have a question for Michael Lewis? Submit them here. The author of "The Blind Side" and "The Liar's Poker" will be joining us March 16th to talk about his new book.  Live Coverage