The Wall Street Journal has a blurb in it this morning on the last day at Bear Stearns. I’m sad in a way because another firm has faded into the history books. Bear was a culture. I interviewed there once and found the management to belligerent, pompous, and just downright full of crap. The brokers were aggressive more so than even Lehman Brothers and Oppenheimer. The research was solid and their prime brokerage unit was a notch above the rest. The ones that I knew worked hard and played harder. Those that can find jobs will and the rest will move on, but the rough and tumble culture that was Bear Stearns … I’ll miss that.
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