Bear Stearns gave away

NYT:

As part of the Bear Stearns culture, molded by the former chairman, Alan C. Greenberg, 1,000 senior managing directors gave away 4 percent of their compensation each year to charity.

Mr. Greenberg himself has been a major fund-raiser for the United Jewish Appeal. An annual September dinner at his home for top donors raised $41 million last year, according to the charity.
...
A number of Bear Stearns executives, including James E. Cayne, the former chief executive, have also given heavily through their own foundations. The James E. and Patricia D. Cayne Charitable Trust held $30.9 million, largely in Bear Stearns stock, on May 31, 2007, the end of its last fiscal year, according to publicly filed documents.

Posted by JB Chilton on April 11, 2008 10:34 PM | |
Comments (1)

Too bad their good works did not carry over to their financial practices.

Posted by Ann Fontaine [TypeKey Profile Page] | April 13, 2008 11:38 AM

Add your comments

(If you haven't left a comment here before, you may need to be approved by the site owner before your comment will appear. Until then, it won't appear on the entry. Thanks for waiting.)

Reminder: At Episcopal Café, we hope to establish an ethic of transparency by requiring all contributors and commentators to make submissions under their real names. For more details see our Feedback Policy.

Advertising Space