Wasserstein slims down, Lazard profits soar
The New York Post notes that Bruce Wasserstein has lost 50 pounds in three months. The rumor is that he was sick. His firm did not suffer for it. Lazard's profits nearly doubled, the result of its work on some big deals, such as Supervalu's $1 billion purchase of Albertsons. Since Bid 'em up Brice took over last year, Lazard's shares have risen 60 percent. This should give other boutiques hope; the niche is viable.
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