FierceFinanceFierceFinanceITFierceCompliance IT   FierceCIO

Will JP Morgan keep Alan Schwartz?

Tools
Tags
JPMorgan Chase
Bear Stearns
Alan Schwartz
CNBC
investment banking
adviser
Microsoft
job

At what remains of Bear Stearns, 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 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

Related Article:
View from inside Bear Stearns. Article
What's up with Bear Stearns? Article
The future of Bear Stearns. Article

Comments

Post new comment

The content of this field is kept private and will not be shown publicly.

More information about formatting options

To combat spam, please enter the code in the image.