Word: lazard
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Dates: during 2000-2009
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...board--after consulting with Icahn about the candidates. Icahn's investor group still controls 3.3% of the stock, and he isn't likely to go away soon, so Parsons made other concessions, including a promise to review the findings of a report issued by Icahn's investment adviser, Lazard. One new point of agreement: Icahn now shares Parsons' view that Time Warner's cable division should not be spun off 100% because of the potential tax bill...
...engineer by training, Lauvergeon worked as an aide to French President François Mitterrand before joining the Lazard investment bank. In the late 1990s, the government asked her to take over Cogema, a state-owned nuclear reprocessing company. Convinced that nuclear power had a big future, she orchestrated a merger with the other state-owned nuclear company, Framatome, which built plants and mined uranium, to create a French colossus. She has sought to create a positive image for the firm and for nuclear power in general by sponsoring the French yacht in the America's Cup race and by launching...
Clark said that in the end he decided to resign from one of the companies to assuage potential concerns of other directors that sitting on both boards would have affected his judgment. He said he chose to resign from Lazard because he had invested a great deal of time into learning Time Warner’s business and felt that he would be more valuable remaining on its board...
...joined the board of [Time Warner] in January of 2004 while I was only with Lazard since May of 2005,” Clark said. “This decision was not a statement of my feelings toward the management of either company...
Clark’s relationships to the Lazard management, in particular to Bruce J. Wasserstein, Lazard’s chief executive, have also come under fire from some corporate governance experts. In addition to Lazard, Clark has also sat on the board of other Wasserstein-controlled companies: cosmetics maker Maybelline, auto supplies manufacturer Collins & Aikman, and publishing company American Lawyer Media Holdings...