Lazard CEO Kenneth Jacobs' 2018 pay slips 2% to $11M
Lazard reports 2018 executive compensation
By ExecPay News
Published: March 15, 2019
Lazard reported fiscal year 2018 executive compensation information on March 15, 2019.
In 2018, five Lazard executives received on average a compensation package of $7.3M, a 8% increase compared to previous year.
Average pay of disclosed executives at Lazard
Kenneth M. Jacobs, Chief Executive Officer, received $11M in total, which decreased by 2% compared to 2017. 64% of Jacobs' compensation, or $7.4M, was in stock awards. Jacobs also received $3.1M in bonus, $900K in salary, as well as $54K in other compensation.
For fiscal year 2018, the median employee pay was $189,929 at Lazard. Therefore, the ratio of Kenneth M. Jacobs' pay to the median employee pay was 60 to one.
Ashish Bhutani, Chief Executive Officer, received a compensation package of $10M, which is about the same as previous year. 52% of the compensation package, or $5.3M, was in stock awards.
Alexander F. Stern, Chief Executive Officer, earned $7.1M in 2018, a 2% decrease compared to previous year.
Scott D. Hoffman, Chief Administrative Officer, received $4.3M in 2018, which increases by 1% compared to 2017.
Evan L. Russo, Chief Financial Officer, earned $3.5M in 2018, a 10% increase compared to previous year.
Related executives
You may also like
Source: SEC filing on March 15, 2019.