Skip to Main Content
HBS Home
  • About
  • Academic Programs
  • Alumni
  • Faculty & Research
  • Baker Library
  • Giving
  • Harvard Business Review
  • Initiatives
  • News
  • Recruit
  • Map / Directions
Faculty & Research
  • Faculty
  • Research
  • Featured Topics
  • Academic Units
  • …→
  • Harvard Business School→
  • Faculty & Research→
Publications
Publications
  • June 2007 (Revised March 2008)
  • Case
  • HBS Case Collection

Lazard LLC

By: Guhan Subramanian and Eliot Sherman
  • Format:Print
  • | Pages:16
ShareBar

Abstract

Describes Lazard's situation in 2001, and supplies context for the subsequent negotiation between its Chairman and his hand-picked successor. In 2001 Lazard, the last of the great investment houses to remain both private and in the control of its founding family, is in a state of decline. Infighting throughout the 1990s led to a defection of talent that left many wondering if Lazard could compete with the diversified financial behemoths of the 21st Century. It also left Chairman Michel David-Weill looking for a successor. David-Weill believes he has found one in M&A star Bruce Wasserstein: going into their negotiation, what should Wasserstein's strategy be?

Keywords

Mergers and Acquisitions; Family Business; Talent and Talent Management; Selection and Staffing; Management Succession; Negotiation Tactics; Financial Services Industry

Citation

Subramanian, Guhan, and Eliot Sherman. "Lazard LLC." Harvard Business School Case 907-046, June 2007. (Revised March 2008.)
  • Educators
  • Purchase

About The Author

Guhan Subramanian

Negotiation, Organizations & Markets
→More Publications

More from the Authors

    • 2022
    • University of Pennsylvania Journal of Business Law

    Freezeouts in Delaware and Around the World

    By: Guhan Subramanian
    • 2022
    • University of Chicago Business Law Review

    Pills in a World of Activism and ESG

    By: Guhan Subramanian and Caley Petrucci
    • November 2021
    • Faculty Research

    LKQ-Stahlgruber

    By: Guhan Subramanian and Caeden Brynie
More from the Authors
  • Freezeouts in Delaware and Around the World By: Guhan Subramanian
  • Pills in a World of Activism and ESG By: Guhan Subramanian and Caley Petrucci
  • LKQ-Stahlgruber By: Guhan Subramanian and Caeden Brynie
ǁ
Campus Map
Harvard Business School
Soldiers Field
Boston, MA 02163
→Map & Directions
→More Contact Information
  • Make a Gift
  • Site Map
  • Jobs
  • Harvard University
  • Trademarks
  • Policies
  • Accessibility
  • Digital Accessibility
Copyright © President & Fellows of Harvard College