Lazard Chairman-CEO Wasserstein dies

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New York—Bruce Wasserstein, chairman-CEO of investment bank Lazard, died Wednesday at 61.

The cause of death has not been determined, but Wasserstein had entered the hospital earlier this week with an irregular heartbeat.

Wasserstein was widely recognized as a pioneer in the world of leveraged buyouts and was involved in KKR: Kohlberg Kravis Roberts & Co.’s landmark LBO of RJR Nabisco. In the past decade, he was heavily involved in b-to-b media. He founded The Deal LLC, and his private equity firm, Wasserstein & Co., holds stakes in Penton Media and Hanley Wood. The firm sold ALM Media for $630 million in 2007.

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