Detail The fallout at Bear Stearns: Sore heads   Oleh:  The Economist Jenis: Article from Bulletin/Magazine Dalam koleksi: The Economist (http://search.proquest.com/) vol. 386 no. 8572 (Mar. 2008), page 76. Topik: Wall Street; Investment Banks; Bear Stearns Ketersediaan Perpustakaan Pusat (Semanggi) Nomor Panggil: EE29.50 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada     Lihat Detail Induk Isi artikel WALL STREET is often criticised for heaping gold on bankers in fat years, but failing to penalise them in lean ones. Witness the 10% rise in total pay at America's investment banks last year, despite an awful second half. But the fate of Bear Stearns shows that, when things go really wrong, punishment can be severe. Bear's executives have lost billions. At $2 a share, the 5% stake held by Jimmy Cayne, the chairman and former chief executive, worth $1.2 billion at the shares' peak last year, is now valued at $11m (less than half of what Mr Cayne recently paid—mortgage-free, naturally—for an apartment in the Plaza Hotel). There are reports of managers putting holiday homes on the market. BFdesigns, which tarts up such dwellings before they are sold, has charitably offered to cut its fees for any Bear employees. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Kembali

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