Shareholder takes swipe at Lazard performance
Eurazeo boss Patrick Sayer was speaking as his investment company confirmed that it was merging with Rue Imperiale. The two investment companies already have substantial cross-shareholdings. Sayer said of Eurazeo's stake in Lazard: 'If Lazard goes back to delivering the kind of profits it has in the past it might be a good idea to hold on to the stake.
Michel David-Weill, the chairman of Lazard, Rue Imperiale and Eurazeo, denied persistent talk of a rift with the bank's high-profile chief executive Bruce Wasserstein in a newspaper interview on Monday. He would not comment further on Lazard Monday.
