William D. CohanMay 21, 2023
Lazard Succession, Iger’s ESPN Move & Netflix’s Ozempic
Peter Orszag will likely take the reins from Ken Jacobs as C.E.O. of Lazard.
News and notes on the latest intrigue swirling around the Sconset set and Gin Lane weekend crowd: what’s next for Lazard, my old stomping grounds; Iger’s ESPN calculation; and late-breaking SVB lessons.
William D. CohanMay 10, 2023
Lazard Times
Under the leadership of Ken Jacobs, who has been extremely well paid, Lazard has grown bigger and more robust. But its stock has underperformed badly.
How Wall Street’s most mysterious, enigmatic, and flamboyant firm—“l’haute banque d’affaires vis-à-vis the world”—was brought down by fate and tragedy, and what it can do to become exceptional again.