Lazard CEO Kenneth Jacobs' 2021 pay rises 17% to $12M
Lazard reports 2021 executive compensation
By ExecPay News
Published: April 6, 2022
Lazard reported fiscal year 2021 executive compensation information on April 6, 2022.
In 2021, five Lazard executives received on average a compensation package of $8.7M, a 15% increase compared to previous year.
Average pay of disclosed executives at Lazard
Kenneth M. Jacobs, Chief Executive Officer, received $12M in total, which increased by 17% compared to 2020. 65% of Jacobs' compensation, or $7.7M, was in stock awards. Jacobs also received $3.1M in bonus, $900K in salary, as well as $126K in other compensation.
For fiscal year 2021, the median employee pay was $216,902 at Lazard. Therefore, the ratio of Kenneth M. Jacobs' pay to the median employee pay was 54 to one.
Ashish Bhutani, Chief Executive Officer, received a compensation package of $9.8M, which increased by 16% compared to previous year. 47% of the compensation package, or $4.6M, was in stock awards.
Peter R. Orszag, Chief Executive Officer, earned $8.5M in 2021, a 4% increase compared to previous year.
Alexander F. Stern, President, received $7.2M in 2021, which increases by 11% compared to 2020.
Evan L. Russo, Chief Financial Officer, earned $6.2M in 2021, a 36% increase compared to previous year.
Related executives
You may also like
Source: SEC filing on April 6, 2022.