FIN374C 4-29-08 - BS employees?-Invested in the company...

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Review – tentative Ch 15 – 6 Ch 17 – 1, 7 Ch 18 – 1, 3? Ch 25 – 3 Final Exam May 8, 7-10 p.m., gsb 2.124 Make up May 7, 7-10 cba 4.324 e-mail prof by Thurs Officer hours May 7, 11:30 – 1 
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Bear Stearns Why BS collapsed - Collapse of 2 hedge funds o Housing prices fell o Subprime market shaky Why bail it out? - Market confidence - Intertwined/related, borrowing/lending with other i-banks, banks, corps
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Unformatted text preview: BS employees?-Invested in the company themselves o Did not diversify o Lost much of their investments-Disgruntled, bad morale, leaving firm JP Morgan-Offered to bail out BS o $2/share for BS is grossly undervalued o Want to say no-Now offered new deal, $10/share o CEO would have to combine both companies o Wanted to retain employees from BS...
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FIN374C 4-29-08 - BS employees?-Invested in the company...

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