Investing
Lazard fires senior banker for inappropriate behavior -source
© Reuters. FILE PHOTO: The logo and trading information for Lazard Ltd appear on a screen on the floor at the New York Stock Exchange (NYSE) in New York, U.S., April 24, 2019. REUTERS/Brendan McDermid/File Photo
NEW YORK (Reuters) – Investment bank Lazard (NYSE:) terminated a managing director for inappropriate behavior over the weekend, according to a source familiar with the situation.
Incoming CEO Peter Orszag sent a memo to staff this weekend informing them that the company had dismissed a managing director in the bank’s financial advisory unit, the source said. Lazard took action after investigating the behavior, which occurred at a personal event at which employees were present, the source said, without naming the banker.
Orszag currently leads Lazard’s financial advisory unit overseeing deals.
Bloomberg News reported earlier on the firing.
Read the full article here
Los Angeles Fire: Airbnb, Planet Fitness Offer Free Services
How Small and Medium-Sized Businesses Can Compete with Large Corporations
3 Ways Context Switching Can Boost Your Business
How to Build a Solid Go-to-Market Strategy for 2025
Airbus keeps top spot with 766 jet deliveries in 2024 By Reuters
How to Create and Sell Digital Products Online (Make Extra Money)
Is Apple Releasing an ‘Ultra-Thin’ iPhone 17 Air? New Report
Moldova breakaway region to face new power cuts on Saturday, officials say By Reuters
US data center electricity and water use to increase significantly by 2028: report By Investing.com
Reebok Co-Founder Backs Syntilay’s New AI, 3D-Printed Shoe
Debt ceiling debate and its effect on the U.S. dollar
Debt ceiling default: Still no deal between parties
Stovall: If the U.S. defaults on its debt, all S&P 500 sectors will likely fall
What China's weaker-than-expected economy could mean for U.S. markets
A ‘Big Short’ investor sees financial disaster brewing in housing markets — again
-
Make Money7 days agoHow to Create and Sell Digital Products Online (Make Extra Money)
-
Investing7 days agoIs Apple Releasing an ‘Ultra-Thin’ iPhone 17 Air? New Report
-
Investing6 days agoMoldova breakaway region to face new power cuts on Saturday, officials say By Reuters
-
Investing7 days agoUS data center electricity and water use to increase significantly by 2028: report By Investing.com
-
Investing6 days agoReebok Co-Founder Backs Syntilay’s New AI, 3D-Printed Shoe
-
Side Hustles6 days agoHow to Survive High-Demand Seasons Without Losing Customers
-
Passive Income7 days agoHow to Evolve From Manager to Mentor and Create a Lasting Impact
-
Investing4 days agoNFI Group surge after board reshaped with new appointments, chairperson By Investing.com