Word: lazard
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Walter stepped down in 2006, and soon after, it became clear that Cardinal's strategy wasn't sustainable. "The old Cardinal Health had so many different businesses, and they could never quite get them all moving in the right direction at the same time," says Lazard Capital market analyst Tom Gallucci. "Huge chunks of the company were being undermanaged or neglected altogether...
Ironically, despite their being at a firm that needed a lifeline at the height of the financial crisis, many former Merrill Lynch executives have ended up in what most of us would consider to be lucrative jobs. Last June, top Merrill Lynch investment banker George Young was hired by Lazard to be a vice chairman of its U.S. investment bank. Lazard paid its employees an average of $505,000 in 2009, slightly more than Goldman Sachs. Young, most likely, got considerably more. Thain, for his new job, will be getting an annual salary of $6 million, of which...
...evening, he left her a car (a stick shift) and directions to his family's remote farm 50 miles away. When she got there, he'd already left for a party. She rationalized that he wanted an independent, can-do woman - which, as a vice president at investment bank Lazard...
...Amazon's sales grew 42% in the fourth quarter, outpacing e-commerce in general, which rose 5% to 10%, according to Colin Sebastian, senior research analyst at Lazard Capital Markets. "Amazon has emerged as the Walmart of the online retail world," says Sebastian...
...Moved to New York City after college and lived there until 1990. Worked for investment bank Lazard (then known as Lazard Frères & Co.), rising to vice president of mergers and acquisitions...