Breakingviews | Lazard

Considered view

03 Feb 2010 21:31

Blasts from the past

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Rejigging its comp, including a final payout to the late Bruce Wasserstein, pushed the firm into the red last quarter. Pay remains high, but with M&A improving, the loss should be a blip. And Felix Rohatyn's return should boost Ken Jacobs' chances of solidifying Lazard's future.

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