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Lazard CEO Wasserstein Dies At Age 61-Where's The Security?

14 October, 2009

With the sudden passing of Lazard CEO Bruce Wasserstein, just 61 years old, we're reminded of how fleeting life can be. Such thoughts bring to mind considerations of security, in the home, workplace, financial venues and more.

Sources for Lazard stated last Sunday that their CEO, Wasserstein, had been admitted to a hospital due to an irregular heartbeat, but noted that the exec was 'stable and recovering' despite his serious condition. Exact cause of death is unknown at this time. Wasserstein had been the head of Lazard since 2002, taking the company public in 2005. His shares are frozen at this time.

The man was certainly no stranger to stress, being part of the high-pressure world of investment banking for more than 30 years. Wasserstein is credited with brokering lucrative big-name, big-ticket transactions in the range of roughly $251 billion. He was a tough negotiator and helped many businessmen redefine the art of the deal.

While Wasserman's sudden passing comes as a shock, we have to keep in mind that none of us are not immortal. Planning for the well being and financial security of those we care about after we're gone is a responsible and necessary task. Security and safety while we're here is paramount, too. Along with realistic financial security, we need to be mindful of physical security also. Having a home security system is one very reliable step toward that goal.