Monday, March 17, 2008

Bear Stearn, RIP

Here's what I just read about Bear Stearns
"Bear Stearns was founded as an equity trading house in 1923 by Joseph Bear, Robert Stearns, and Harold Mayer with $500,000 in capital.[4] The firm survived the stock market crash of 1929 without laying off any employees and by 1933 opened its first branch office in Chicago. In 1955, the firm opened its first international office in Amsterdam. In 1985, Bear Stearns became a publicly traded company."
And like that, it ends.

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