LAZARD FRERES
These guys are like the ultimate asset management advisors.
Oddly enough, Lazard Freres was advising Microsoft last year. Now, they're here to help 360 Networks. If they can bring 360 Networks back from the brink, it'd be a big feather in their cap. We can always get the money we need, (even if we have to sell drugs)... It's just a matter of having the Will to do so. All we need is a little time and cash to tide us over. With the certain prospect of reigning in $billions, this shouldn't be difficult to achieve. So far, Wall Street's communication skills have offered little more than the usual pap and general market lore which provides many companies the excuses needed to engineer their own demise and screw the little guy. Understanding today's ethically challenged Market is gained by looking back on its nefarious history.
Lazard's history of stockjobbing has spanned market cycles, major political shifts, world wars, vast technological changes, and more. More significantly, Lazard has participated in a dramatic shift from a world in which companies operate primarily within their own national boundaries to one in which whole industries operate on a global basis. Which would be shortly after Columbus set out to "discover" India or whatever. Such "rapid changes" throughout the world have been said to increase opportunities for investors. People in Europe were conned time and time again about the prospects of investing in the New World just as we today are being conned about investing in the Third World and The New World Economy. The wheeling and dealing, entrepreneurial spirit present in the firm has enabled it to remain a driving force in the financial world, while changing with the times to become more slick and efficient. We know every crook on the planet and are completely familiar with every fraudulent business practice.
Lazard Asset Management invests approximately $71 billion* in assets for institutions and super rich individuals around the world and is the advisor to several mutual fund families. Lazard prides itself on being able to construct portfolios that seek to maximize returns while minimizing risk. Lazard's experience in managing money for prominent institutional clients has sharpened our long-term, consistent approach to "investing" and getting our clients out of a jam. Our ultimate goal is to become as "efficient" as a Teamster's Pension Fund. Nobody will ever screw with us then, not even our clients. 360 Networks is in "good hands."
*As of September 30, 2000. Total assets under management include assets of the Lazard Asset Management companies in New York, London, Frankfurt, Cairo, Tokyo and Sydney. |
