Is Wasserstein's Bonus Over The Top?

03/28/2008 02:45 am ET | Updated May 25, 2011
  • Dealbook New York Times

Bruce Wasserstein is an important rainmaker at Lazard, the investment bank he runs.

But, wonders Breakingviews, is he really worth more to the business than say, Lloyd C. Blankfein is to Goldman Sachs, which made 36 times the amount of profit as Lazard?

With his $41 million bonus for 2007, and restricted stock awards totaling at least some $100 million as part of a new five-year contract, Mr. Wasserstein is taking home a larger chunk of the spoils relative to profits than any other Wall Street chieftain, Breakingviews notes.

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