Lazard Management
Management criteria checks 1/4
Lazard's CEO is Peter Orszag, appointed in Oct 2023, has a tenure of less than a year. total yearly compensation is $30.83M, comprised of 2.6% salary and 97.4% bonuses, including company stock and options. directly owns 0.11% of the company’s shares, worth $4.14M. The average tenure of the management team and the board of directors is 1.1 years and 6.7 years respectively.
Key information
Peter Orszag
Chief executive officer
US$30.8m
Total compensation
| CEO salary percentage | 2.6% |
| CEO tenure | less than a year |
| CEO ownership | 0.1% |
| Management average tenure | 1.1yrs |
| Board average tenure | 6.7yrs |
Recent management updates
Recent updates
Lazard: Liability Management Pickup, Markets Equilibrating
May 17Lazard (NYSE:LAZ) Is Paying Out A Dividend Of $0.50
Apr 30
Lazard: 5% Dividend Yield And Expected Growth Driven By Rebound In M&A And Equity Markets
Feb 18Lazard (NYSE:LAZ) Is Due To Pay A Dividend Of $0.50
Feb 06Many Still Looking Away From Lazard, Inc. (NYSE:LAZ)
Jan 05CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Mar 31 2024 | n/a | n/a | -US$22m |
| Dec 31 2023 | US$31m | US$788k | -US$80m |
| Sep 30 2023 | n/a | n/a | -US$101m |
| Jun 30 2023 | n/a | n/a | -US$3m |
| Mar 31 2023 | n/a | n/a | US$216m |
| Dec 31 2022 | US$10m | US$750k | US$352m |
| Sep 30 2022 | n/a | n/a | US$517m |
| Jun 30 2022 | n/a | n/a | US$518m |
| Mar 31 2022 | n/a | n/a | US$546m |
| Dec 31 2021 | US$9m | US$750k | US$519m |
| Sep 30 2021 | n/a | n/a | US$499m |
| Jun 30 2021 | n/a | n/a | US$467m |
| Mar 31 2021 | n/a | n/a | US$418m |
| Dec 31 2020 | US$8m | US$750k | US$395m |
Compensation vs Market: Peter's total compensation ($USD30.83M) is above average for companies of similar size in the US market ($USD6.71M).
Compensation vs Earnings: Peter's compensation has increased whilst the company is unprofitable.
CEO
Peter Orszag (54 yo)
less than a year
Tenure
US$30,834,841
Compensation
Dr. Peter R. Orszag serves as Chief Executive Officer and Director of Lazard, Inc. and Lazard Group LLC since October 01, 2023. He had been the Chief Executive Officer of Financial Advisory at Lazard Ltd s...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 14.5yrs | US$10.88m | 3.02% $ 111.3m | |
| CEO & Director | less than a year | US$30.83m | 0.11% $ 4.1m | |
| Chief Financial Officer | 1.6yrs | US$2.65m | no data | |
| Chief Operating Officer | less than a year | US$5.64m | 0.16% $ 5.8m | |
| Chief Executive Officer of Asset Management | 1.6yrs | US$25.14m | 0.35% $ 12.7m | |
| President | 1.1yrs | no data | no data | |
| MD & Chief Accounting Officer | less than a year | no data | no data | |
| Managing Director | 13.6yrs | no data | no data | |
| Head of Investor Relations | 6.4yrs | no data | no data | |
| General Counsel | less than a year | no data | no data | |
| Global Head of Communications & Marketing | no data | no data | no data | |
| Vice Chairman of U.S. Investment Banking & Head of Global Restructuring | 8.3yrs | no data | no data |
1.1yrs
Average Tenure
54.5yo
Average Age
Experienced Management: LAZ's management team is not considered experienced ( 1.1 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 14.5yrs | US$10.88m | 3.02% $ 111.3m | |
| CEO & Director | less than a year | US$30.83m | 0.11% $ 4.1m | |
| Chairman & CEO of Lazard Canada Investment Banking | no data | no data | no data | |
| Director | less than a year | no data | no data | |
| Lead Independent Director | 11.9yrs | US$400.02k | no data | |
| Independent Director | 3.1yrs | US$315.01k | no data | |
| Independent Director | 6.1yrs | US$315.01k | no data | |
| Independent Director | 11.6yrs | US$320.09k | no data | |
| Independent Director | 8.1yrs | US$315.07k | 0.0015% $ 57.1k | |
| Director | less than a year | no data | no data | |
| Independent Director | 7.3yrs | US$314.00k | no data |
6.7yrs
Average Tenure
62.5yo
Average Age
Experienced Board: LAZ's board of directors are considered experienced (6.7 years average tenure).