He studied public administration in the U.S. and worked for investment bank Lazard Freres for two years.

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Lazard Freres analyst James Winchester says UPS has not only increased orders thanks to the Internet, but has also cut costs.

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Quadrangle was founded by Steven Rattner, formerly vice chairman of Lazard Freres, along with three other executives from that firm, in 2000.

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"It may be a challenge for Royal Caribbean to bring on new capacity smoothly without cannibalization of business from older vessels in the fleet, " notes James Winchester, analyst at Lazard Freres.

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In 1977 a congressional seat opened up and Pruzan began organizing a Raines campaign. instead, Raines took a job in the Carter White House that included his first stint at OMB. when Carter lost, Raines went to work, making millions of dollars, first as a partner doing municipal finance at the Manhattan investment house Lazard Freres.

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