Reply #31: Lazard CEO Bruce Wasserstein gets $96.3 mln stock award [View All]

[UpInArms]

http://www.reuters.com/article/bondsNews/idUSWEN365420080130

NEW YORK (Reuters) - Lazard Ltd (LAZ.N: Quote, Profile, Research) Chairman and Chief Executive Bruce Wasserstein received restricted stock worth $96.3 million as part of new five-year employment agreement, the merger advisory firm said on Wednesday.

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Under his former employment agreement, Wasserstein received an annual base salary of $4.8 million and incentive compensation. For 2007, he received incentive restricted stock worth $36.2 million, the company said.

Lazard shares on Tuesday closed at $35.66. The stock is down 31 percent over the past year.

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