Several people have asked how long they should expect a job search to take nowadays. The rule of thumb used to be a month for every $10,000 in salary. That was an average, and many searches on Wall Street took less time, and people with needed skills or a book of existing business could move fairly quickly. Now comes a report from recruiter Korn/Ferry saying most executives it surveyed (83 percent) expect they'll need more than four months to find a new job, and 43 percent think they'll need at least seven months. In the past, most of these people (71 percent) had never taken more than three months land a job.

And...

Cantor Fitzgerald & Co.'s New CEO Has Big Plans [IDD]

Greenhill Forms Restructuring Group in New York, London [Greenhill - PDF]

In M&A, at Least, Citi Is on Top [Dealbook]

1,000 Stanford Employees Dismissed to Save Company Assets [Dealbook]

Is This the Worst Year to Graduate College Ever? [Daily Beast]

People

Lazard Names Antonio Weiss Global Head of Mergers & Acquisitions [Lazard via BW]

Dick Kiphart will head William Blair's private client business [William Blair]

Masaya Okoshi and Sean George to Join Deutsche Bank’s Global Credit Trading Group [Deutsche Bank via BW]

Art Barrios Joins Alvarez & Marsal Business Consulting as a Senior Director in New York [A&M]

James Sweeney becomes Chief Operating Officer of Artradis [FINAlternatives]

Artradis Poaches David Dredge from RBS to be Managing Director, Portfolio Management [Reuters]

American Realty Capital Names Steve Rokoszewski VP - National Sales Desk [ARC via BW]