Chuck Prince Can't Get Out of the Greenwich Ghetto

The former Citigroup CEO cannot unload his multi-million-dollar mansion. Must be the economy!

Posted 06/18/08 in Daily Intel : Developing

Tags: alan d schwartz, chuck prince, developing, greenwich village

Help Alan D. Schwartz by Renting His House!

Bear Stearns CEO Alan D. Schwartz, forced to downgrade, will now split his time between only two houses.

Posted 03/21/08 in Daily Intel : White Men With Money

Tags: alan d. schwartz, bear stearns, business, finance, real estate, white men with money

Touching and Feeling With Jamie And Alan

Everyone was feeling a lot yesterday when JPMorgan CEO Jamie Dimon met with Bear Stearns executives to discuss the changes he'll make when and if his takeover deal of the firm comes to fruition, and a lot of what they were feeling was anger.

Posted 03/20/08 in Daily Intel : In Other News

Tags: alan d schwartz, bear stearns, business, credit crisis, finance, In Other News, takeover, white men with money

The Epic Battle for Bear Stearns’ Soul, and Other Day-Three Stories

It's been two days since Bear Stearns was sold in a fire sale to JPMorgan, and things are still messy and emotional. Whose fault was all of this, and if it's no one's fault, whom can we blame? What will happen next? And what will the impact be, not just on Wall Street, but on the little people? Several stories in the papers today shed light on these questions, even as they raised more questions. Below, a handy cheat sheet to keep you current:

Posted 03/19/08 in Daily Intel : White Men With Money

Tags: alan d. schwartz, bear stearns, business, jamie dimon, jimmy cayne, jpmorgan, the economy, white men with money

You Can Just Call Alan D. Schwartz ‘Mr. Smooth’

Jimmy Cayne is officially out at Bear Stearns, the company announced last night, and Alan D. Schwartz is in as the new CEO. Yesterday's Times referred to Schwartz as "a smooth, discreet investment banker," Portfolio today called him a "smooth dealmaker," and former Time Warner head Richard Parsons says he's "a smooth operator." But other than the fact that he is, apparently, silky soft and hairless, what do we really know about Alan D. Schwartz?

Posted 01/09/08 in Daily Intel : White Men With Money

Tags: alan d schwartz, bear stearns, finance, jimmy cayne, white men with money

Jimmy Cayne: The End of an Era

For Bear Stearns CEO Jimmy Cayne, his 74th year was a difficult one. In August, two of Bear's hedge funds collapsed, heralding the subprime crisis and tipping off the worst losses in the firm's history. Then there were the firings, the Wall Street Journal article that painted him as a slacker pothead (and also weird), plus the investor retaliations, the regulatory investigations, the whispers that, after 39 years of service, he might need to be canned. It's enough to make anyone want to take refuge in golf and ganja. Which, the Journal and other media outlets are reporting, is what Cayne is doing. Citing "sources" who have been briefed on the situation, the papers are reporting that as early as today, Cayne will step down from his role as CEO at Bear Stearns and be replaced by Alan D. Schwartz. Cayne is "relieved," one source told the Times. As with a great movie where the hero dies in the end, we knew this was coming, and yet still, we're surprised. With his bridge addiction, his aversion to breakfast cereal, and his rumored affinity for the wacky tabacky, Cayne was a Wall Street original, an orchid in a sea of carnations, if you will. We'll miss you, old chap. Cayne to Step Down As Bear CEO [WSJ] Bear's Cayne Will Quit As Chief Executive [NYT] Earlier: Intel's coverage of Jimmy Cayne

Posted 01/08/08 in Daily Intel : White Men With Money

Tags: alan d. schwartz, bear stearns, finance, jimmy cayne, marijuana, white men with money