Lower Wattage Star Power at Lazard?

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The board of investment bank Lazard Freres yesterday ended weeks of speculation and gossip about who would replace the firm’s late CEO Bruce Wasserstein. The legendary and frequently controversial deal maker died suddenly last month at the age of 61. (The last, good long profile of Wasserstein appeared in the late semi-lamented Portfolio magazine. It is online here )To replace him, Lazard picked Kenneth Jacobs, 51, currently head of North American operations and a twenty two year veteran of the firm.

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