Sunday, August 5, 2007

Bear Stearns co-president Spector resigns: WSJ

(Reuters) - Citing a person familiar with the matter, the Journal said directors agreed that Alan D. Schwartz will for now be sole president of Bear.




The article also said that Samuel Molinaro, the firm's longtime chief financial officer, will assume the role of chief operating officer and that Jeffrey Mayer, co-head of fixed income, will take Spector's seat on the executive committee.


Read more at Reuters.com Business News

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