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A Friendly Niche For United's Wolf


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A FRIENDLY NICHE FOR UNITED'S WOLF

Former United Airlines Chairman Stephen Wolf wasn't unemployed for long. Jobless after the July employee buyout, Wolf announced on Aug. 24 he would join Lazard Frres as a senior adviser. The firm shouldn't have trouble paying his undisclosed salary: While other bankers hammered out details of the deal, Lazard earned a $5 million "success fee" for bringing United's unions back to the negotiating table last December after talks broke down.EDITED BY KEITH H. HAMMONDS


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