The death of Lazard chief executive Bruce Wasserstein will trigger the vesting of stock currently valued at $188m (€126m), confirming Wasserstein's status as one of history's most highly-paid investment bankers.

The vesting, based on the accumulation of 4.4 million restricted stock units since 2005, comes as Lazard insiders and analysts handicap who will succeed him.

The Wall Street Journal

Lazard

Corporate/Industrial News

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Wasserstein death payout: $188m

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