At what remains of Bear Stearns [0], CEO Alan Schwartz isn't exactly inspiring warm and fuzzy feelings. The top executives are incensed that he let JP Morgan Chase steal the firm. Employees are pissed, as most face an uncertain job market. As for Schwartz himself, CNBC reports that JP Morgan Chase [0] might retain him. One scenario is that he'll be made a vice chairman. The bank would like to take advantage of his investment banking savvy. Last month, his firm apparently was retained by Microsoft as an adviser. Schwartz should land on his feet; hopefully, other Bear Stearns employees will too.
For more:
- here's the CNBC article [1]
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