Lazard, Inc.

NYSE:LAZ Stock Report

Market Cap: US$4.7b

Lazard Management

Management criteria checks 2/4

Lazard's CEO is Peter Orszag, appointed in Oct 2023, has a tenure of 1.17 years. total yearly compensation is $30.83M, comprised of 2.6% salary and 97.4% bonuses, including company stock and options. directly owns 0.13% of the company’s shares, worth $6.17M. The average tenure of the management team and the board of directors is 1.7 years and 6.7 years respectively.

Key information

Peter Orszag

Chief executive officer

US$30.8m

Total compensation

CEO salary percentage2.6%
CEO tenure1.2yrs
CEO ownership0.1%
Management average tenure1.7yrs
Board average tenure6.7yrs

Recent management updates

Recent updates

Lazard, Inc.'s (NYSE:LAZ) Shares Bounce 26% But Its Business Still Trails The Industry

Nov 07
Lazard, Inc.'s (NYSE:LAZ) Shares Bounce 26% But Its Business Still Trails The Industry

Lazard: Aggressive Hiring Means Peer-Leading Growth

Nov 01

Lazard: Still Decent Value

Aug 08

Even With A 33% Surge, Cautious Investors Are Not Rewarding Lazard, Inc.'s (NYSE:LAZ) Performance Completely

Jul 26
Even With A 33% Surge, Cautious Investors Are Not Rewarding Lazard, Inc.'s (NYSE:LAZ) Performance Completely

Investors Continue Waiting On Sidelines For Lazard, Inc. (NYSE:LAZ)

Jun 05
Investors Continue Waiting On Sidelines For Lazard, Inc. (NYSE:LAZ)

Lazard: Liability Management Pickup, Markets Equilibrating

May 17

Lazard (NYSE:LAZ) Is Paying Out A Dividend Of $0.50

Apr 30
Lazard (NYSE:LAZ) Is Paying Out A Dividend Of $0.50

Lazard: 5% Dividend Yield And Expected Growth Driven By Rebound In M&A And Equity Markets

Feb 18

Lazard (NYSE:LAZ) Is Due To Pay A Dividend Of $0.50

Feb 06
Lazard (NYSE:LAZ) Is Due To Pay A Dividend Of $0.50

Many Still Looking Away From Lazard, Inc. (NYSE:LAZ)

Jan 05
Many Still Looking Away From Lazard, Inc. (NYSE:LAZ)

CEO Compensation Analysis

How has Peter Orszag's remuneration changed compared to Lazard's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2024n/an/a

US$251m

Jun 30 2024n/an/a

US$152m

Mar 31 2024n/an/a

-US$22m

Dec 31 2023US$31mUS$788k

-US$80m

Sep 30 2023n/an/a

-US$101m

Jun 30 2023n/an/a

-US$3m

Mar 31 2023n/an/a

US$216m

Dec 31 2022US$10mUS$750k

US$352m

Sep 30 2022n/an/a

US$517m

Jun 30 2022n/an/a

US$518m

Mar 31 2022n/an/a

US$546m

Dec 31 2021US$9mUS$750k

US$519m

Sep 30 2021n/an/a

US$499m

Jun 30 2021n/an/a

US$467m

Mar 31 2021n/an/a

US$418m

Dec 31 2020US$8mUS$750k

US$395m

Compensation vs Market: Peter's total compensation ($USD30.83M) is above average for companies of similar size in the US market ($USD6.67M).

Compensation vs Earnings: Peter's compensation has been consistent with company performance over the past year.

CEO

Peter Orszag (55 yo)

1.2yrs

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

NamePositionTenureCompensationOwnership
Kenneth Jacobs
Executive Chairman15.1yrsUS$10.88m1.91%
$ 89.9m
Peter Orszag
CEO & Director1.2yrsUS$30.83m0.13%
$ 6.2m
Mary Betsch
Chief Financial Officer2.2yrsUS$2.65mno data
Alexandra Soto
Chief Operating Officer1.2yrsUS$5.64m0.16%
$ 7.3m
Evan Russo
Chief Executive Officer of Asset Management2.2yrsUS$25.14m0.34%
$ 16.0m
Raymond McGuire
President1.7yrsno datano data
Michael Gathy
MD & Chief Accounting Officer1.2yrsno datano data
Pierre Tattevin
Managing Director14.2yrsno datano data
Alexandra Deignan
Head of Treasury7yrsno datano data
Christian Weideman
General Counsel1.2yrsno datano data
Shannon Houston
Global Head of Communications & Marketingno datano datano data
David Kurtz
Vice Chairman of U.S. Investment Banking & Head of Global Restructuring8.9yrsno datano data

1.7yrs

Average Tenure

55.5yo

Average Age

Experienced Management: LAZ's management team is not considered experienced ( 1.7 years average tenure), which suggests a new team.

Board Members

NamePositionTenureCompensationOwnership
Kenneth Jacobs
Executive Chairman15.1yrsUS$10.88m1.91%
$ 89.9m
Peter Orszag
CEO & Director1.2yrsUS$30.83m0.13%
$ 6.2m
Daniel Schulman
Lead Independent Directorless than a yearno datano data
Ann-Kristin Achleitner
Independent Director3.7yrsUS$315.01kno data
Iris Knobloch
Independent Director6.7yrsUS$315.01kno data
Andrew Alper
Independent Director12.2yrsUS$320.09kno data
Jane Mendillo
Independent Director8.7yrsUS$315.07k0.0015%
$ 73.0k
Stephen Howe
Directorless than a yearno datano data
Michelle Jarrard
Independent Director7.9yrsUS$314.00kno data

6.7yrs

Average Tenure

62yo

Average Age

Experienced Board: LAZ's board of directors are considered experienced (6.7 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/22 02:03
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Lazard, Inc. is covered by 25 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Stephen BiggarArgus Research Company
Michael NeedhamBofA Global Research
James MitchellBuckingham Research Group Inc.