Most Popular Stories
Events
- ABA Insurance Risk Management Conference
Jan 25-28 - Private Equity Analyst Outlook 2009
Jan 27-28 — Grand Hyatt, NYC - Investment Consultants Forum
December 15 — The Princeton Club, NY - ABA Risk Management Forum - a new event!
April 22-24
Sponsored Links
Latest News
The future of Bear Stearns
January 9, 2008 — 7:59am ET
![]()
And so a new era begins at Bear Stearns. I see this as a somewhat sentimental transition: Jimmy Cayne was one of the Grand Old Men of Wall Street, as was Ace Greenberg, his mentor. They really ran the firm the old-fashioned way, as a partnership, which the top firms no longer are. The new guard--exemplified by John Thain and Lloyd Blankfein--are more technocratic and sold on the idea of managing large public companies, which is a good thing. So this is progress at Bear Stearns, but it may also spell the end of the firm as we know it. You would have to think all the rebuffed suitors are interested once again. Alan Schwartz is a savvy guy--we'll soon see what he's planning. - Jim
Be the first to comment
Related Stories
- End of an era: Bear Stearns passes away
- Bear Stearns execs cashed out in December
- Bear Stearns execs pay in harsh spotlight
- SPOTLIGHT: Bear Stearns: A time line of decline
- Fortress and Bear Stearns deal talks to revive soon?
- Joe Lewis' losing bet on Bear Stearns
- Cayne joins rogues list
- Rumor: Bear Stearns looking to replace Cayne
- Bear Stearns' small capital base, Cayne's golf game
- Odd passing of the torch at Bear Stearns
Comments
Post new comment
Home
| Subscribe | Advertise | Mobile Edition | RSS |
Privacy
| Site MapTHE FIERCEMARKETS NETWORKFierceFinance | FierceFinanceIT | FierceSarbox | FierceHealthcare | FierceHealthFinance | FierceHealthIT | Hospital Impact | FierceCIO | FierceCIO:TechWatch | FierceContentManagement | FierceMobileIT | FierceBiotech | FierceBioResearcher | FiercePharma | FierceVaccines | FierceIPTV | FierceOnlineVideo | FierceTelecom | FierceVoIP | FierceBroadbandWireless | FierceDeveloper | FierceMobileContent | FierceWireless | FierceWireless:Europe© 2008 FierceMarkets, Inc. All rights reserved. |
![]() |


