Displaying all articles tagged:

Alan D. Schwartz

  1. awakenings
    Alan Schwartz Has Come Full CircleA little over a year after the collapse of Bear Stearns, the former CEO is ready to move on. Om.
  2. white men with money
    Rumor: Goldman Sachs CEO Accused of Rumormongering by Lehman and Bear CEOLehman CEO Richard Fuld and ex–Bear Stearns CEO Alan Schwartz accused Goldman Sachs CEO Lloyd Blankfein of starting rumors! Reportedly!
  3. company town
    The Donald Will Go OnDonald Trump is strong and solid, like a freight ship battered by stormy seas. Meanwhile, Angelo Mozilo of Countrywide and Don Imus are riding around on rickety catamarans. All that and more metaphors in our daily roundup of real-estate, law, media and finance news.
  4. developing
    Chuck Prince Can’t Get Out of the Greenwich GhettoThe former Citigroup CEO cannot unload his multi-million-dollar mansion. Must be the economy!
  5. company town
    Crane Collapse Causes Building DelaysAlso, the real Mr. Big thought watching the ‘Sex and the City’ movie was “eerie,” and Wachovia chief G. Kennedy Thompson is out the door. And more, in our daily industry roundup.
  6. company town
    Tishman Speyer Is on the WarpathAlso, Lehman Brothers weighs its options, and 15 CPW breaks the $100 million barrier.
  7. white men with money
    Alan Schwartz Is Having Trouble Moving OnThe Bear Stearns CEO offered some sad-making testimony at today’s Senate hearing.
  8. white men with money
    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.
  9. in other news
    Touching and Feeling With Jamie And AlanEveryone 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.
  10. white men with money
    The Epic Battle for Bear Stearns’ Soul, and Other Day-Three StoriesIt’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:
  11. 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?
  12. white men with money
    Jimmy Cayne: The End of an EraFor 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