Sunday, October 11, 2009

Lazard Chairman Wasserstein in Hospital

Investment bank Lazard Ltd is reporting that legendary dealmaker Bruce Wasserstein, chairman and chief executive of Lazard, has been hospitalised for an irregular heartbeat.

Wasserstein’s condition is serious, but he is stable and recovering, Lazard said, adding that it will not be providing updates at this time.

Wasserstein's net worth is estimated to be $2.3 billion. He seems to have kept his firm away from the erivatives trading that have crippled or destroyed many firms during the current financial crisis. He is 61.

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