Lazard Looks to Orszag as CEO Jacobs Plans to Step Down

The video discusses the leadership transition at Lazard, with Jacobs stepping aside for Peter Orszag. Bloomberg Finance Editor Michael Moore provides insights into the succession plan and the historical context of Jacobs' tenure, which began as an emergency appointment after Bruce Wasserstein's death. Despite being one of the longest-serving leaders on Wall Street, Jacobs' tenure has seen challenges, including a slump in Lazard's share price. The discussion highlights the need for change and the future outlook for the company.

Who is replacing Jacobs at Lazard?

What significant change is happening at Lazard?

What was the context of Jacobs' appointment in 2010?

How long did Jacobs serve as a leader at Lazard?

What factors contributed to the decision for a leadership change at Lazard?