-Caveat Lector-
[EMAIL PROTECTED] wrote:
> THE ECONOMIST is in the Piers Publishing Group, London
====
By the time Eugene Meyer (then owner of the Washington Post) became an
investor in George Bush’s corporation (Bush-Overbey), the American branch of
Lazard Freres was being run by Andre Meyer—who is said to be no relation to
Eugene’s family. However, like Eugene Meyer's family, Andre also hailed
from Alsace-Lorraine and was the uncle of Michel David-Weill, who worked
with him. During World War I, according to Andre Meyer’s biographer, the
"Bank of England forced Lazard to sell the London bank to British interests
[emphasis added]." The "British interests" nominally owning "Lazard
Brothers", as it is called in the U.K., were the family of Sir Weetman
Pearson (later Lord and then Viscount) Cowdray.
According to author Cary Reich, the London office was a "franchise
operation" of Lazard Freres New York and Paris, run, respectively, by Andre
Meyer and Pierre David-Weill. Fifty percent (50%) of the ordinary shares of
Lazard Brothers & Co., Ltd. and 80% of preferred shares were owned by
Pearson PLC, as of 1985, which also held 16.2% of the U.S. Lazard Freres &
Co. capital and 9.9% of the profits. Pearson also controlled 10% of the
French company’s partnership interest in the limited partnership. In 1981
the chairman of Lazard was Ian Fraser. The Pearson empire—set up as a
foundation when Viscount Cowdray died--also includes 100% ownership of
London's Financial Times and a 50% interest in the Economist.
Source:
Cary Reich, Financier: The Biography of Andre Meyer (New York: William
Morrow & Co., Inc., 1983), p. 210.
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