Word: lazard
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Dates: during 2000-2009
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...Workers executive who has devoted much of his career to promoting worker ownership of the means of production—as his manufacturing czar. Then again, this is the same Ron Bloom who holds a Harvard MBA and once served as an executive vice president of the investment bank Lazard Freres & Co. And no, he sees no contradiction between his business career and his pro-worker activism...
...which the employees of a faltering firm buy an ownership stake to prevent plant closings or job losses. The idea of an economy of worker cooperatives may seem utopian, and the notion of using the tools of modern finance to do so absurd. But Bloom and his mentor at Lazard, Eugene Keilin, helped prove it possible—and did so with no less than the largest airline in the nation: United...
...downsizings were rampant - and how each time a company announced a major layoff, its stock rallied. What she found from her perch at Bankers Trust - and later in interviews with people at firms such as Morgan Stanley, Merrill Lynch, Lehman Brothers, Goldman Sachs, JPMorgan, Salomon Brothers, Kidder Peabody and Lazard - was that it wasn't just an ideological commitment to boosting shareholder value that drove decisions to merge, break up and restructure companies, but also the work culture of Wall Street itself. Ho, now a professor at the University of Minnesota, talked with Barbara Kiviat about her findings, presented...
...Rattner and four other Lazard executives left the company to form Quadrangle, an investment firm which focused on media and telecommunications...
...media moguls, Rupert has been the boldest. If Fox or Sky had crashed and burned, he would have burned too. He has an enormously strong constitution." - while head of the media department at Lazard, commenting on Rupert Murdoch's business acumen, (TIME...