Merrill Lynch HSBC taps Barrett as chief executive

Article Abstract:

Margaret Barrett has been appointed as the new chief executive officer (CEO) of Merrill Lynch HSBC. Barrett's appointment comes after a six-month search for a CEO.

All Other Information Services, Functions related to deposit banking, Home Banking Service, Online services, Internet services, Appointments, resignations and dismissals, Home banking, Barrett, Margaret, Merrill Lynch HSBC

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Wasserstein's hurdle in Lazard IPO plans: a group of partners

Article Abstract:

Bruce Wasserstein, head of investment bank Lazard Freres and Company L.L.C., faces opposition from a group of the bank's partners to his plans to make a public stock offering. Designed as part of a plan to end infighting among Lazard executives, the initial public offering was meant to provide funding so that the company could buy out its retired partners who, under current arrangements, continue to recieve dividends from the firm even though they are no longer working .

Financial management, Finance, Company financing

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Lazard IPO may come by 2006 as leaders near a compromise

Article Abstract:

Michel David-Weill and Bruce Wasserstein are said to be approaching a compromise on Wasserstein's plan to float the historically private investment firm on the New York Stock Exchange. David-Weill, the chairman of the firm, approved the initial public offering in October, but only under the condition that Wasserstein, Lazard's operational head, should resign if the offer had not been made by the end of June 2005. It is expected that David-Weill is now readying to alter those conditions, pushing back the deadline to the end of March 2006.

Strategy & planning, Planning, Company business planning

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