ICO and Wasserstein battle over hefty bailout fee

Article Abstract:

Wasserstein Perella and Co wants $45 million for its assistance in the $1.2 billion bailout of ICO Global Communications. ICO's creditors want to give Wasserstein only $8.5 million.

Radiotelephone communications, Cellular and Other Wireless Telecommunications, Product quality, Mobile Radio Services, Statistical Data Included, Telecommunications services industry, Telecommunications industry, Wireless communications services, ICO Global Communications, Wasserstein Perella and Company Inc.

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Investments in firms analyst covered called troublesome

Article Abstract:

Paul Johnson of Robertson Stephens is one of many financial analysts who recommended investors buy stocks in technology companies, despite the plummeting prices, due to his own investments in the businesses.

Public affairs, Reports, Behavior, Financial analysts, Johnson, Paul, Robertson, Stephens and Company L.P.

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Lazard's David-Weill wants Wasserstein to quit if IPO fails

Article Abstract:

Michel David-Weill, Chairman of the Board at Lazard Brothers and Company Inc. and a descendant of one of the company's founding families, has stated publicly that he would not oppose a plan for the investment bank to launch an initial public offering. However, in a letter to Bruce Wasserstein, the Lazard executive behind the plan, David-Weill has added that his approval comes with the stipulation that Wasserstein resign from the company if the initial public offering fails or doesn't take place by June 30, 2005. The communication is the most recent chapter in an ongoing dispute between the two company officials.

Financial management, Management dynamics, Executive changes & profiles, Securities issued, listed, Officials and employees, Securities, Company business management, Company securities, Company financing, Lazard Brothers & Company Ltd., David-Weill, Michel, Wasserstein, Bruce

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