Gerardo Braggiotti, the mercurial deputy chairman of Lazard who resigned last month, is looking forward to a long hot summer. In Paris and Milan, speculation was buzzing last week that, having put the knife into Lazard by resigning, he is about to twist it further.
He resigned because he believed he was offered the top job in Europe by chief executive Bruce Wasserstein, before Lazard went public â only to see the offer lapse.