Business: Lazard Lands Some Big Ones

And among them is a "supreme door opener"

What's in a name? Quite a lot, if the name happens to be Arthur Burns and it belongs to the legendary economist who left the Federal Reserve Board in March after eight years as chairman. Last week, following a quiet little bidding war for his services, the former Fed chief accepted a job as "senior adviser" at the highly influential investment banking firm of Lazard Frères. While Henry Kissinger surely holds the modern pay record for ex-Washington officials in part-time jobs on Wall Street,* Burns will do all right for a retired...

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