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Lazard Declares Special Dividend

NEW YORK, Dec 10, 2013 (BUSINESS WIRE) -- Lazard Ltd LAZ +0.56% today announced that its Board of Directors has voted to declare a special dividend of $0.25 per share on its outstanding Class A common stock. The special dividend is payable on December 27, 2013, to stockholders of record on December 20, 2013.

About-Lazard

Would you pay $2,000 for a GIF?

The artist Molly Soda, 24, is what you might call “Tumblr famous.” The short, green-haired Chicago native has about 30,000 followers on the platform, where she posts GIFs, selfie performance pieces, and undulating word art. “I’ve never sold any work that I wasn’t directly commissioned to do,” she says. 

Former Bush aide now top private equity lobbyist

By Lawrence Delevingne

Kenneth Mehlman, the public affairs chief at Kohlberg Kravis Roberts & Co. who was previously a leading Republican operative in Washington, is now the top lobbyist for the private equity industry.

Mehlman was elected Thursday as the chairman of The Private Equity Growth Capital Council, the most prominent industry advocacy group for firms like TPG Capital, Silver Lake, Apollo Global Management, Carlyle Group and Blackstone Group.

He will continue several long-running fights in Washington, including higher taxes for PE firms from a potential change in the treatment of carried interest and increased registration and disclosure rules from the Dodd-Frank Act.

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Mehlman succeeds Mark Tresnowski, the top lawyer for Madison Dearborn Partners. PEGCC, launched in 2007, is also led day-to-day by president and chief executive officer Steve Judge.

Mehlman joined KKR in 2008 from Akin Gump Strauss Hauer & Feld, where he was a partner in the law firm's legislative and regulatory counseling practice. He is best known for his work on behalf of conservative politicians before: chairing the Republican National Committee and running George W. Bush's presidential reelection campaign in 2004.

Mehlman is also a prominent gay rights advocate and serves as a director of the American Foundation for Equal Rights.

Mehlman's primary responsibilities will be to "help expand the PEGCC's outreach efforts to educate and engage a broad set of stakeholders about the value of a vibrant and dynamic private equity industry," according to a statement from the association.

"I have enormous respect for the PEGCC's important work engaging with public policy makers to encourage more economic growth and retirement security for millions of Americans," Mehlman said. "I also share the PEGCC's goal of building a community of investors who seek superior returns while also emphasizing active, responsible governance, long term investment and measuring success in years not quarters."

Mehlman also credited Tresnowski for his work in helping block changes to carried interest taxes as yet and countering negative views of the private equity industry that emerged during former Bain Capital executive Mitt Romney's failed presidential bid.

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Good problem solvers are good thinkers. They have less drama and problems to begin with and don’t get overly emotional when faced with a problem. They usually see problems as challenges and life experiences and try to stand above them, objectively.

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