You can bet Bear’s D&O carriers are already preparing their declination of coverage letters or at best ROR letters for the soon to be received stockholder suits.
You are just seeing the tip of the iceberg. How many of you readers watch Cramer on TV? His denial of problems at Bear Stearns shortly before the collape gave false hopes of security to thousands of stock holders who missed the chance to dump and get out. Do you think MSNBC will can him for misleading the poor suckers that take his advice? This isn’t the only time Cramer has crapped out. Examine his record and learn that your portfolio would be in serious trouble if you took all his advice to heart. Any viewers of Cramer’s program should consider it “entertainment” and nothing more. This situation has the makings of another Enron, maybe worse.
I only hope the golden parachutes about to be handed to us upper management folks are not touched by all the low-level infighting…it’s such bad form, and can have disastrous consequences for those of us who have shepherded Bear Stearns through the past few years. I deserve the millions of Dollars I’m about to receive from this collapse…after all, I presided over it.
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Was this settlement contemplated in the purchase agreement?
What a shady company…at least at upper mgt levels
Yes, read the article.
You can bet Bear’s D&O carriers are already preparing their declination of coverage letters or at best ROR letters for the soon to be received stockholder suits.
You are just seeing the tip of the iceberg. How many of you readers watch Cramer on TV? His denial of problems at Bear Stearns shortly before the collape gave false hopes of security to thousands of stock holders who missed the chance to dump and get out. Do you think MSNBC will can him for misleading the poor suckers that take his advice? This isn’t the only time Cramer has crapped out. Examine his record and learn that your portfolio would be in serious trouble if you took all his advice to heart. Any viewers of Cramer’s program should consider it “entertainment” and nothing more. This situation has the makings of another Enron, maybe worse.
I only hope the golden parachutes about to be handed to us upper management folks are not touched by all the low-level infighting…it’s such bad form, and can have disastrous consequences for those of us who have shepherded Bear Stearns through the past few years. I deserve the millions of Dollars I’m about to receive from this collapse…after all, I presided over it.
I’ve watched Kramer before – and probably better advice!