Lazard CEO gets $96.3 mln stock award
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Lazard Ltd  Chairman and Chief Executive Bruce Wasserstein received restricted stock worth $96.3 million as part of new five-year employment agreement, the merger advisory firm said on Wednesday.
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Lazard is moving towards a flotation that could raise $3billion and overhaul the complex structure of the powerful investment bank.
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(Corrects David Hauserâs title to CFO from CEO in paragraph 3)
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James Murdoch, son of media mogul  Rupert Murdoch, will receive a base salary of $3.4 million and  could earn another estimated $16 million in annual bonuses as  part of his promotion to News Corp's (NWSa.N) head of Asian and  European operations, the company said on Thursday.
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Outgoing Kmart chief executive Julian Day is getting about $90 million in stock options for his leadership at the discount chain, which emerged from bankruptcy in May.
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Bruce Wasserstein, the embattled head of Lazard, has carved out a little breathing room in his fight to take the company public.
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News Corporation has awarded its executive chairman Rupert Murdoch a staggering $US12.5 million ($18 million) performance bonus for the latest financial year - believed to be the biggest in Australian corporate history.
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No. 1 software maker Microsoft Corp.   MSFT.O on Thursday awarded restricted stock worth $951   million, based on its current share price, as performance   bonuses to some 900 executives and managers.
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By Christine Harper  Morgan Stanley gave its chief executive, John Mack, the biggest bonus ever for the head of a Wall Street firm, awarding him $40 million as the company headed for the best profit in its 71-year history. Mack, 62, was granted stock valued at $36.2 million as of Dec.
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TOPEKA, Kan., Feb. 5  â A federal judge on Monday sentenced the former chief executive of Westar Energy, David C. Wittig, to 24 months in prison for bank fraud, cutting his sentence by more than half.
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BRUCE Wasserstein, the chief executive of Lazard, will be expected to leave if he fails to get a near-$3bn (Â£1.64bn) float of the investment bank away by next June.
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Former PeopleSoft Inc. chief  executive Craig Conway will get a severance package worth about  $18 million after he was fired earlier this month, a source  familiar with the package said on Monday.
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Goldman Sachs Group  Chairman and Chief Executive Lloyd Blankfein received more than $54.3 million in cash, stock and options last year, setting a record for Wall Street CEO remuneration after leading the most profitable investment bank for just six months.
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Brocade Communications Systemsâ former chief executive  received a 21-month prison sentence for designing a plan to tamper with the firmâs records of stock option grants.
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Blackstone Group issued compensation details for the first time on Monday, disclosing in a filing that CEO Stephen Schwarzman received nearly $400 million last year and stands to make at least another $450 million after the private equity firm goes public.
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DOW 12,654.85  +102.30    NASDAQ 2,459.88  +9.50    S&P 500 1,444.26  +10.89    RUSSELL 2000 812.53  +6.74TOPLOCAL  Northrop's Bush gets another title  Manhattan Beach resident Wesley G.
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Blackstone Group issued compensation details for the first time on Monday, disclosing in a filing that CEO Stephen Schwarzman received nearly $400 million last year and stands to make at least $450 million after the private equity firm goes public.