The David Rubenstein Show: Peter Orszag

Peter Orszag is a London School of Economics trained economist, best known for his decades of service in government as part of President Clinton's Council of Economic Advisors, the head of the Congressional Budget Office, and eventually for his cabinet position as head of President Obama's Office of Management and Budget. But in recent years, he's added "banker" to his impressive resumé, and since 2023, he's been the CEO of Lazard - a boutique investment bank offering clients a traditional M&A advisory, as well as its geopolitical advisory unit. Orszag spoke to David Rubenstein on his ambitious plans to grow Lazard's revenue, navigating the halls of power in Washington and on Wall Street, and what it's like to be an economist running an investment bank. This interview was recorded September 6 in New York. Chapters: 00:01:06 - M&A Environment 00:02:44 - History of Lazard 00:10:00 - Advantages of a Government Background 00:11:17 - Life Before Lazard 00:16:34 - Starting at Lazard 00:18:28 - Advising Presidents and CEOs 00:21:08 - What Lazard Looks for in an Employee 00:22:05 - Work Flexibility, Interesting Work -------- Like this video? Subscribe to The David Rubenstein Show on YouTube: https://www.youtube.com/channel/UCqsN9MYiu1mKSAsYoF6ppTg Watch the latest episodes of "The David Rubenstein Show: Peer-to-Peer Conversations" here: https://www.bloomberg.com/peer-to-peer Learn more about David: http://www.davidrubenstein.com/ Connect with us on... Twitter: https://twitter.com/business Facebook: https://www.facebook.com/bloombergbusiness Instagram: https://www.instagram.com/bloombergbusiness/