Hints and tips:
...He impulsively fired Warren Spector, the head of the firm’s massive mortgage business, in August 2007, because Spector had the temerity to be out of the office at the same time as Cayne the month before,...
...He was a conservative but that doesn’t mean he was an ideologue,” said Warren Spector, the former co-president of Bear Stearns and now chairman of Balbec Capital, a private investment firm....
...Warren Spector: President and chief operating officer from 2001 to 2007, when he was forced out after the hedge funds collapse. Co-founded a film production company, Tashtego....
...Warren Spector: Spector managed to cash out a lot of his Bear stock when Cayne fired him in mid-2007 for his role overseeing two major hedge funds that collapsed that summer....
...He rose through the ranks and served as co-president with Warren Spector until Mr Spector was ousted in August last year following the collapse of two of Bear’s in-house hedge funds....
...Warren Spector, former co-president Bear Stearns Resigned last August, six weeks after two of its mortgage hedge funds collapsed....
...As pressure rose, in August he finally returned and attempted to save face by firing Warren Spector, his number two, who had been playing bridge with him days earlier....
...In August, Mr Cayne ousted Warren Spector, who was co-president and head of its securities operations, after the collapse of two mortgage-related hedge funds the bank managed, an event that shook the credit...
...The losses are far worse than expected August 5 Warren Spector, long seen as the likely successor to chief executive Jimmy Cayne, resigns in the wake of the collapse of the two mortgage-exposed hedge funds...
...Other high-profile victims include Warren Spector, president of Bear Stearns, forced out after the embarrassing collapse of two mortgage hedge funds the bank managed....
...Bear Stearns’ co-president and co-chief operating officer Warren Spector resigned on Sunday, becoming a casualty of a credit risk crisis at the investment bank, reports Reuters....
...Bear’s shares fell sharply following Sunday’s ousting of Warren Spector, co-president, but rallied with the late market surge, helped by cautiously positive analysts’ comments....
...The casualty list includes Merrill Lynch’s Stanley O’Neal, Bear Stearns’ Warren Spector, Zoe Cruz of Morgan Stanley and Citigroup’s Tom Maheras. Wall Street exiles should take heart, however....
...Warren Spector, whom he fired as co-president and head of securities at Bear in August, was at a bridge tournament in July as the two hedge funds were going under....
...Bear’s shares fell sharply early on Monday following Sunday’s ousting of Warren Spector, co-president....
...The turmoil in the US mortgage market claimed its latest top level victim on Sunday when Warren Spector resigned as co-president of Bear Stearns, six weeks after the collapse of two mortgage hedge funds...
...The collapse led first to the dismissal of Warren Spector, co-president, in August 2007 and Mr Cayne’s departure as chief executive at the start of this year....
...Dick Bove, an analyst at Punk, Ziegel, questioned whether the ousting of Warren Spector as Bear’s co-president on Sunday was entirely merited....
...The investors and banks were sophisticated operators who knew what they were getting into, argued Warren Spector, Bear’s co-president....
...Warren Spector, the co-chief operating officer who had long been seen as Mr Cayne’s most likely successor, yesterday resigned at a meeting of the bank’s board....
...The highest-profile casualty in the US is Warren Spector, who resigned as co-president of Bear Stearns after the bank had to rescue in-house hedge funds....
...Now it emerges that Cayne and Warren Spector, who was co-president of Bear Stearns until his resignation at the weekend, were in Nashville at a bridge tournament as the hedge fund problems worsened....
...Last month Warren Spector was ousted as co-president of Bear Stearns following the collapse of two mortgage hedge funds the bank managed....
...They have the consolation that they are not alone: Bear Stearns started the cull a few months ago, by ousting Warren Spector – the Wall Street bank’s president and the man widely seen as a successor to chief...
...THE PROBLEM: Warren Spector recently resigned as head of capital markets at Bear Stearns following the collapse of two hedge funds at the US investment bank....
International Edition