The Rise and Fall of Bear Stearns

The Rise and Fall of Bear Stearns

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On March 16, 2008, Alan Greenberg, former CEO and current chairman of the executive committee of Bear Stearns, found himself in the company's offices on a Sunday. More remarkable by far than the fact that he was in the office on a Sunday is what he was doing: participating in a meeting of the board of directors to discuss selling the company he had worked decades to build for a fraction of what it had been worth as little as ten days earlier. In less than a week the value of Bear Stearns had diminished by tens of billions of dollars. As Greenberg recalls, "our most unassailable assumption that Bear Stearns, an independent investment firm with a proud eighty-five-year history, would be in business tomorrow had been extinguished. . . . What was it, exactly, that had happened, and how, and why?" This book provides answers to those questions from one of Wall Street's most respected figures, the man most closely identified with Bear Stearns decades of success.

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  • ISBN 13: 9781439101421
  • ISBN 10: 1439101426
  • Publisher:
  • Language: English
  • Pages: 213
  • Size: 8.25" l x 5.19" w x 0.70" h

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