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  "documentTitle": "Lazard Ltd (LAZ)",
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  "authorName": "Trian Partners",
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  "presentationDate": "2012-06-18 00:00:00",
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      "text": "(1) Trian assumes a 4.0% revenue CAGR in the base case where Lazard achieves a 25% margin (Lazard's target is at least a 25% margin by 2014). Source: SEC filings and Lazard shareholder Q&A and Exhibits (4/27/2012)",
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      "text": "Margin Improvement: Committed to Improve EBIT Margin By +50%",
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