|
|
Article: Lazard CEO Bruce Wasserstein hospitalized
- Article from:
- AP Online
- Article date:
- October 12, 2009
CopyrightCopyright 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. (Hide copyright information)
|
Bruce Wasserstein, a prominent Wall Street dealmaker and CEO of Lazard Ltd., was hospitalized with an irregular heartbeat.
Wasserstein is in serious but stable condition and is recovering, the company said in a statement late Sunday.
Wasserstein, 61, has served as head of Lazard since 2002. He took the company public in May 2005 and was named its CEO.
Wasserstein is in the middle of serving a contract that keeps him at the company through 2012.
Lazard has remained relatively strong throughout the economic downturn. Its second-quarter profits fell 18 percent to $28.2 million, or 34 cents per share, but easily surpassed expectations. New York-based Lazard's financial ...