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  • April 2, 2008 at 4:49 PM #12333
    lonestar2000
    Participant

    An early, but still excellent analysis about the events that caused Bear’s demise. I wonder how likely it is for this scenario to repeat at other investment firms in the coming days.

    Fiction writers could not make this stuff up in a hundred years. A truly amazing read:

    http://money.cnn.com/2008/03/28/magazines/fortune/boyd_bear.fortune/index.htm?postversion=2008033114

    April 2, 2008 at 6:02 PM #179897
    GoUSC
    Participant

    I love the quote from the guy at the end who worked eight years and now couldn’t send his kids to school because the stock tanked… So let me get this straight, in those eight years when he was pulling down $150k/yr at least and getting bigtime year end cash bonuses (plus stock) he never saved any of it?

    Boo #$*()$ hoo.

    April 2, 2008 at 6:02 PM #180264
    GoUSC
    Participant

    I love the quote from the guy at the end who worked eight years and now couldn’t send his kids to school because the stock tanked… So let me get this straight, in those eight years when he was pulling down $150k/yr at least and getting bigtime year end cash bonuses (plus stock) he never saved any of it?

    Boo #$*()$ hoo.

    April 2, 2008 at 6:02 PM #180268
    GoUSC
    Participant

    I love the quote from the guy at the end who worked eight years and now couldn’t send his kids to school because the stock tanked… So let me get this straight, in those eight years when he was pulling down $150k/yr at least and getting bigtime year end cash bonuses (plus stock) he never saved any of it?

    Boo #$*()$ hoo.

    April 2, 2008 at 6:02 PM #180282
    GoUSC
    Participant

    I love the quote from the guy at the end who worked eight years and now couldn’t send his kids to school because the stock tanked… So let me get this straight, in those eight years when he was pulling down $150k/yr at least and getting bigtime year end cash bonuses (plus stock) he never saved any of it?

    Boo #$*()$ hoo.

    April 2, 2008 at 6:02 PM #180357
    GoUSC
    Participant

    I love the quote from the guy at the end who worked eight years and now couldn’t send his kids to school because the stock tanked… So let me get this straight, in those eight years when he was pulling down $150k/yr at least and getting bigtime year end cash bonuses (plus stock) he never saved any of it?

    Boo #$*()$ hoo.

    April 2, 2008 at 7:18 PM #179907
    AK
    Participant

    I love this quote:

    “It’s a reminder that in a business based on confidence, when that confidence evaporates, so does the business.”

    April 2, 2008 at 7:18 PM #180274
    AK
    Participant

    I love this quote:

    “It’s a reminder that in a business based on confidence, when that confidence evaporates, so does the business.”

    April 2, 2008 at 7:18 PM #180278
    AK
    Participant

    I love this quote:

    “It’s a reminder that in a business based on confidence, when that confidence evaporates, so does the business.”

    April 2, 2008 at 7:18 PM #180291
    AK
    Participant

    I love this quote:

    “It’s a reminder that in a business based on confidence, when that confidence evaporates, so does the business.”

    April 2, 2008 at 7:18 PM #180367
    AK
    Participant

    I love this quote:

    “It’s a reminder that in a business based on confidence, when that confidence evaporates, so does the business.”

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