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Bear Stearns Has 14,000 Employees
03-17-2008, 08:00 AM
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#1
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Recycles dryer sheets
Join Date: Jan 2006
Posts: 362
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Bear Stearns Has 14,000 Employees
Wonder how many have the bulk of their 401k in company stock?
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03-17-2008, 08:06 AM
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#2
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Thinks s/he gets paid by the post
Join Date: Jun 2005
Posts: 2,610
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 Quote:
Originally Posted by poboy
Wonder how many have the bulk of their 401k in company stock?
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Likely a bunch. BSC is known for "encouraging" large holdings of company stock. Hope these folks have been saving those huge end of year bonuses over the years.
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03-17-2008, 08:20 AM
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#3
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Thinks s/he gets paid by the post
Join Date: Jun 2005
Posts: 1,543
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30% of the outstanding shares were owned by company employees
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03-17-2008, 08:20 AM
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#4
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Full time employment: Posting here.
Join Date: Nov 2005
Posts: 655
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I heard on Fox Financial News this morning that employees owned 1/3 of Bear Stearns.
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03-17-2008, 08:28 AM
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#5
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Thinks s/he gets paid by the post
Join Date: Jun 2005
Posts: 1,543
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supposedly the CEO is now only worth $12 million down from filthy rich last year
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03-17-2008, 08:33 AM
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#6
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Nov 2007
Posts: 5,596
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Quote:
Originally Posted by al_bundy
supposedly the CEO is now only worth $12 million down from filthy rich last year
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Maybe he will show up on this board looking for ways to live within his means. Any guess on what his forum name would be - perhaps "bearkiller"? 
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I purr therefore I am.
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03-17-2008, 11:13 AM
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#7
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Feb 2006
Location: Washington, DC
Posts: 11,328
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Wow from $147 to $2, it is like Enron. What a disaster to have the bulk of your wealth tied up in something like this. On the other hand, we can hope that some of the BSD's that caused the mess are getting wiped out in this fiasco.
__________________
Idleness is fatal only to the mediocre -- Albert Camus
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03-17-2008, 11:39 AM
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#8
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Moderator Emeritus
Join Date: May 2007
Posts: 12,901
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We already hear on TV of Enron-like stories of people who lost most of their savings with BSC's collapse... This guy said that his kids' college fund has been wiped out... It is sad sad sad...
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03-17-2008, 11:42 AM
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#9
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Thinks s/he gets paid by the post
Join Date: Jun 2005
Posts: 1,543
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i bet if you look back to 2002 you would find that bear stearns did have something to do with enron and they were one of the biggest pushers of these funny money loans.
karma is a b1tch
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