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| Address URL | http://www.alleyinsider.com/ Registered: 22-Mar-2008 |
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 Send to email | My Life At Bear Stearns: Not Just Sitting Around Waiting To Get Fired! in BSC |  By Silicon
el 14-May-2008 |
biz037.jpg: Paste this image in your site, Myspace, Facebook, Ebay copy this code...
 From Clusterstock: New York Magazine recently said Bear Stearns (BSC) employees didn't need sympathy because they were
being paid to do, well, nothing. But that's not true! They're are also
playing video games and board games like the word guessing party game
Taboo.
In fact, a Bear Stearns first-year banker we spoke to describes doing many things during a very short employment at the company:
Summer Training:
From the day I got there, I knew things
weren't right. When we were doing Thompson training, the lady teaching
the class was using Bear Stearns as an example stock. Every time she
came back to the main research page, after she showed us some software
feature, Bear's stock was down another $5.
On The Job:
When I got there, the job didn't seem
like the horror stories I had heard. Most of the first-years weren't
very busy. We would routinely congregrate around each other's desks and
have hour-long discussions about how crappy the market was doing.
Continue reading on Clusterstock
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| Cramer: New Spokesman For Fox Biz | | Bad enough that CNBC's Jim Cramer blew the Bear Stearns call. He also gave the competition a marketing slogan. Fox Business Network, always quick to turn around a snarky newspaper ad, placed two today in the New York Times and the Wall Street Journal, quoting Jim:
No. No. No. Bear Stearns is Fine... Bear Stearns is not in trouble... Don't move your money from [..] Read complete article | | Published 24-Mar-2008 by Silicon in General
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| Bear Stearns To Fire Up To 7000 | | Bear Stearns buyer JP Morgan won't waste any time eliminating "redundancies," the Post says--and this could mean the firing of up to 7,000 Bear folks (half of the place) as soon as this week.
The who-stays-and-who-goes game is [..] Read complete article | | Published 23-Mar-2008 by Silicon in General
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Ripped about losing your life savings when Bear Stearns (BSC) blew up? Head for BearSucks.com. Not much commentary yet, but we imagine there will be soon.
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From CLUSTERSTOCK: More than 10,000, or 70%, of Bear Stearns (BSC) employees could lose
their jobs when JP Morgan (JPM) completes its integration of the failed
bank into its investment banking di [..] 
JP Morgan (JPM) is rescinding half of the job offers Bear Stearns (BSC) made to MBAs and other new hires, DealBook says.
Fired new hires will get to keep their signing bonuses and re [..] 
