Sundar PichaiSundar Pichai earned $164M in 2023

Kenneth M. Jacobs has been the driving force behind Lazard since 2009, when he took over as Chairman and CEO. His journey with Lazard began back in 1988, and since then, he has held various leadership roles, including Managing Director...

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Kenneth M. Jacobs

CEO of Lazard

Field of Expertise

Finance & Banking - Finance

Sector of Economy

Financial Services

Born

November 12, 1958 - 66 years ago

CEO of Lazard for

15 years 5 months (Nov 2009 - Present)

Previous Experience

Managing Director of Lazard since 1991, CEO of Lazard North America since 2002

Holdings

See how much did Kenneth M. Jacobs make over time.

Over the years, Kenneth Jacobs has maintained substantial holdings in Lazard, with his wealth largely tied to stock awards and performance-based pay. As of his last reported holdings, he had about 375,588 RSUs valued at roughly $19.7 million. His stock-based...

Mar 18, 2025

Total Stock Sold

$44.76M

LAZ

$44.76M

1,000,000 LAZ shares

What if they kept their stock?

If Kenneth M. Jacobs didn't sell their stock, today they would have:
Extra LAZ1,000,000 shares worth $25.90M.
This is -42.13% and $18.86M less than what they got when they sold the stock.

Charitable Transactions

LAZ

584,279 shares

LAZ

Recent Charitable Transactions

LAZ

584,279 shares

LAZ

May 15, 2015

Charity

Insider Trading

See recent insider trades of Kenneth M. Jacobs.

LAZ

$9.16M

LAZ at $48.47/share

Sep 3, 2024

Sale

LAZ

$7.15M

LAZ at $50.01/share

Aug 23, 2024

Sale

LAZ

$15.11M

LAZ at $45.23/share

Jul 16, 2024

Sale

LAZ

$2.99M

LAZ at $40.19/share

Jul 9, 2024

Sale

LAZ

$10.51M

LAZ at $40.47/share

May 31, 2024

Sale

LAZ

584,279 shares

LAZ

May 15, 2015

Charity

LAZ

584,279 shares

LAZ

May 15, 2015

Charity

LAZ

219,583 shares

LAZ

Dec 17, 2012

Received

Compensation History

See how much did Kenneth M. Jacobs make over time.

Kenneth Jacobs' compensation reflects his leadership role at Lazard Ltd. In 2023, he received a total package of $10.8 million. This amount includes a base salary of $862,500 and a substantial annual bonus of $1.865 million, based on performance metrics. His total compensation fluctuated over the years, with highs reaching over $13 million in previous years. The company’s focus on performance-based pay means that a large part of his earnings comes from stock awards tied to Lazard’s financial performance. This aligns his interests with those of the shareholders, showing a commitment to growing the firm. The company's compensation philosophy emphasizes retaining talented executives while ensuring these payments are tied to the company's success.

Year

2023

Total Compensation

$15.01M

Salary

$862.50K

Board Justification

The compensation philosophy emphasizes alignment with company performance, retention of key executives, and competitive compensation practices within the financial services industry.

Bonus

$1.87M

Board Justification

The annual cash incentive bonus based on performance metrics for 2023, paid in February 2024.

Other

$245.14K

Board Justification

Includes health insurance premiums, life insurance, and tax preparation services.

Restricted Stock

$12.04M(323.18K RSU)

Board Justification

The value realized from vested stock awards in 2023, based on the closing price of the stock on the day prior to the vesting date.

Performance Metrics

The performance metrics considered for 2023 compensation included operating revenue, adjusted net income, and total shareholder return.

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