Wall $treet Folly (Free subscription) | 07/16/2008
Wouldn't a conversation like this be kind of memorable?: Say that the CEO of a large investment banking firm was hearing rumors that traders at an even larger competitor's firm were spreading malicious rumors about its stock, and then called...
DealBreaker (Free subscription) | 06/25/2008
Like many of the former Bear Stearns workers not currently employed, erstwhile CEO Alan Schwartz will be taking the summer off to plot his next career move. (Things are slightly different for Schwartz in that he has actual job offers, but whatevs.) Supposedly he's deciding among staying with the newly formed Bearpont Morgan Chase, where the slot for a " We are drowning in liquidity " guy remains unfilled,...
DealBook (Free subscription) | 06/25/2008
Alan Schwartz, Bear Stearns' former C.E.O. is being wooed by JPMorgan Chase as well several other firms, including Kohlberg Kravis Roberts , according to The New York Post. But it is unclear how hard JPMorgan is wooing Mr. Schwartz. According to The Post, the bank has yet to make him a formal offer. Go to Article from The New York Post> >
Daily Intelligencer - New York Magazine (Free subscription) | 06/18/2008
Chuck Prince. Foreclosed on during the recent mortgage crisis? Take heart! The guys responsible for giving you the crummy loans in the first place are now having some housing troubles of their own. Back in March, it was reported that former Bear Stearns CEO Alan Schwartz was having trouble selling his Greenwich home and had resorted to renting out the $5 million mansion. Now Schwartz's brother-from-another-mother,...
DealBreaker (Free subscription) | 06/02/2008
The Post reports that former Bear CEO Alan Schwartz may be having second thoughts about taking a job at Bearpont Morgan Chase (get your commemorative umbrellas now , before the newly formed entity goes to pot in 5-10 as a result of Jamie Dimon's inability to kick his Gin rummy habit, refusing to take calls during a tournament in the Catskills). One source "familiar with the matter" says it's the humanist...
Business Wire (Free subscription) | 05/01/2008
NEW YORK--(BUSINESS WIRE)--SCSF Equities, LLC (together with its affiliates, “Sun Capital”) today announced that, based on an
Seeking Alpha (Free subscription) | 04/25/2008
Christopher Whalen submits: The board is extremely supportive of Chuck's strategy. This is absolutely the right track. - Robert Rubin, November 2007 We begin this comment by giving kudos to Heny Sender at the Financial Times for breaking the story Monday about Corsair Capital leading a $7 billion raise for National City (NCC) . Complete Story »
EuroInvestor.co.uk (Free subscription) | 04/23/2008
SCSF Equities, LLC (together with its affiliates, “ Sun Capital ” ) today announced that Glass Lewis & Co. ( “ Read more
Business Wire (Free subscription) | 04/23/2008
NEW YORK--(BUSINESS WIRE)--SCSF Equities, LLC (together with its affiliates, “Sun Capital”) today announced that Glass Lewis &
Daily Intelligencer - New York Magazine (Free subscription) | 04/15/2008
Photo illustration: Everett Bogue; Photos: Getty Images, iStockphoto It sounds like former Bear Stearns CEO Alan D. Schwartz is facing a very tough decision! Jamie Dimon , the overlord of JPMorgan, which, as you may recall, recently purchased Bear for a few lumps of metal and a pile of arrowheads, has reportedly offered him a nonexecutive, deal-making job and the title of vice-chairman. If he takes...
Daily Intelligencer - New York Magazine (Free subscription) | 04/03/2008
Photo: Landov Just think: Less than three weeks ago Alan D. Schwartz was sunning himself in West Palm Beach without a care in the world. "He has a good twinkle in his eye for the future," former client Michael Eisner said when the former pro-baseball player scored his new gig as the CEO of Bear Stearns. But then Bear collapsed and sent Schwartz down a dark and lonely spiral, and it sounds as though...
Silicon Alley Insider (Free subscription) | 03/23/2008
It seemed inevitable that Bear Stearns CEO Alan Schwartz would be accused of lying in a CNBC interview two days before the firm vaporized--not because he lied (we don't think he did) but because it would seem inconceivable that, as the firm's CEO, he didn't know it was about to implode. But now Alan Schwartz has been saved! And by none other than Christopher Cox, the head of the SEC. According to...
anonymous (Free subscription) | 03/19/2008
One thing is certain about the collapse of Bear Stearns (BSC): It will generate hundreds of millions--if not billions--of legal fees. Some of the fees...
DealBreaker (Free subscription) | 03/19/2008
So it seems some people are really getting bent out of shape over this whole thing about Bear Stearns CEO Alan Schwartz telling David Faber everything was cool at the firm just a few short days before everything wasn't cool. No one wants to let this one go-- it doesn't help that the instigators at CNBC have been playing the clip ‘round the clock-- or take a second to realize that we should be APPLAUDING...
Silicon Alley Insider (Free subscription) | 03/19/2008
One thing is certain about the collapse of Bear Stearns (BSC): It will generate hundreds of millions--if not billions--of legal fees. Some of the fees will likely go to attorneys for CEO Alan Schwartz, as he defends the inevitable allegations that he lied about the firm's financial condition on CNBC two days before it collapsed. Did Alan Schwartz actually lie? Or was he just as blindsided by the sudden...
