SpotlightEven Lazard writes downThings are a little lumpy at Lazard, the swish bank run by Bruce Wasserstein. The firm, which is known for its super-polished M&A business and recently handled the acquisition of Bear Stearns by JPMorgan, posted a 71 percent decline in profits in the first-quarter, according to the Wall Street Journal. This news comes three months after Wasserstein dismissed concerns that Lazard would fall victim to the credit crunch, saying that the company was “not in the subprime business.”
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Bruce Wasserstein
Even Lazard writes down
Jared Kushner
Art imitating art imitating art
Albert Cohen
Criminal behavior
Matt Damon
The Bourne Conspiracy: video game character not imitation of Matt Damon
Michelle Obama and Barack Obama
Combating elitism
Architectural consultant; father to 15 adopted and foster children with physical or mental challenges; founder of the Junior National Wheelchair Athletic Association.
After graduating from Harvard Business School, joined the Navy and served as a Naval Supply officer during World War II; worked alongside his father in the family textile business; during his tenure as Chairman of Lucerene Textiles, introduced industry-shaping innovations in the form of new business approaches.
Caroline K. Keck, M.A. '32, one of the founders of modern art conservation, died on Dec. 17 in Cooperstown, N.Y. at the age of 99. A pioneer in her field, Mrs. Keck helped re-cast art conservation as science.
Mr. Halberstam shared a Pulitzer Prize in 1964 for his coverage of the Vietnam War for The New York Times.
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