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Lazard Considers Initial Public Offering
[HOME EDITION]
Los Angeles Times - Los Angeles, Calif.
Date: Jun 18, 2004
Start Page: C.4
Section: Business; Part C; Business Desk
Abstract (Document Summary)

[Bruce Wasserstein] joined Lazard in 2001 and has hired bankers such as Gary Parr, formerly Morgan Stanley's mergers-and-acquisitions chief, to revive the firm's business of selling takeover advice. That left less money to pay dividends to nonworking partners and their families, led by Chairman Michel David-Weill, 71, who ceded control of the firm to Wasserstein as a condition of his employment, people familiar with the matter said in March.

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