J. Mark Poerio talks with Bloomberg's Erik Schatzker about Lazard Ltd.'s compensation policy.
By J. Mark Poerio
J. Mark Poerio, co-chair of the executive compensation practice, talks with Bloomberg's Erik Schatzker about Lazard Ltd.'s compensation policy. Lazard, which posted a fourth-quarter loss of $54.9 million, or 46 cents a share, said compensation costs were almost triple that of a year earlier as the firm increased the current cash and deferred equity components in this years pay packages.