Popped onto eBay today and found all this wonderful stuff
being sold by Bear Stearns employees to try and top up the coffers lost
in the JPM bargain basement sale (although it's slightly more expensive
after JPM upped the ante to $10 a share).
There
was the award to the development team of a Bear Stearns building model
in pewter, and T-shirts and stuff. But the most expensive and
desirable item has to be the 50th anniversary panel signed by Alan "Ace" Greenberg, who started as a clerk at Bear Stearns in 1949 and by 1978 was the CEO.
33 bids and $355, this one is going up and up ... a bit like the share price!
Meanwhile, it's a shame you can't change the whole internet to reflect real-time events, as the student advisory website wetfeet.com gives the following advice for Bear Stearns:
Q: Who are Bear Stearns' competitors, and how is your firm different?
A:
Our competitors are other major financial institutions. We believe that
the services we provide our clients and the opportunities we offer our
employees distinguish us from our competitors. The firm has 75
uninterrupted years of profitability and stability. We have managed
significant growth in many new businesses in an effective and
profitable manner.
Oh yep ...
... by the way, if you miss out on Bear Stearns' stuff on eBay you can always get a bona fide Northern Rock shirt anytime.
Chris M Skinner
Chris Skinner is best known as an independent commentator on the financial markets through his blog, TheFinanser.com, as author of the bestselling book Digital Bank, and Chair of the European networking forum the Financial Services Club. He has been voted one of the most influential people in banking by The Financial Brand (as well as one of the best blogs), a FinTech Titan (Next Bank), one of the Fintech Leaders you need to follow (City AM, Deluxe and Jax Finance), as well as one of the Top 40 most influential people in financial technology by the Wall Street Journal's Financial News. To learn more click here...
