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Wal-Mart: Wasserstein jumped in at the last minute to claim the deal |
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Speaking to Euromoney in April 1993, Lazard chairman Michel David-Weill expressed a fear of “mercenaries – the people who would come to the firm to make money”. His appointment of Bruce Wasserstein as Lazard’s chief executive suggests that he has either overcome his distaste for money-grubbers or that the firm is doing so badly that its very survival depends on having a few more of them on board.
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