Back in the day (B.C., ‘Before Crisis’), the men in charge at Bear Stearns were known for being big boys on The Street.And then 2008 happened, and the entire bank was washed out. In fact, you barely even hear the name anymore. That shouldn’t surprise anyone though, on Wall Street, you survive or you’re forgotten.
To stop that from happening to the Bad Boys of Bear, we’re decided to track down Ace, Jimmy and the rest of the gang to see where they are.
Spector was forced out of Bear Stearns in 2007, after two of the firm's internal hedge funds collapsed.
From what we can tell, Spector has steered clear of financial services, instead trying his hand at film. According to the Wall Street Journal, Spector co-founded a small production company Tashtego Films.
According to the Tashtego's website, Spector also serves as Chairman of the Board of Trustees at The Public Theatre. He was also key in the fundraising efforts for a 'debt-free' hospital on Martha's Vineyard.
After a quick stint at JP Morgan after the merger, Overlander went to Wachovia as Managing Director and Global Head of Fixed Income.
He's now the CEO of Societe Generale Americas, CNBC reports.
Not too shabby, eh?
According to the Financial Times, Mayer turned down a $27 million offer to join JPMorgan after its merger with Bear Stearns and instead went to UBS as global joint head of Fixed Income.
In 2010, Mayer moved to Deutsche Bank, where he became Head of Global Markets for North America, reporting directly to Anshu Jain.
After holding a similar title at private equity firm Ceberus Capital Management, Marano moved to Residential Capital, LLC as its CEO.
As of FY 2011, his annual compensation was $8,034,899, Businessweek reports.
He recently testified in front of The House Financial Services Subcommittee for Mortgage Services and Foreclosure Practices.
According to Glaser's LinkedIn profile, immediately following his Bear Stearns departure, Glaser became the Chairman of Global Mergers and Acquisitions at Bank of America, becoming the Deputy Head of Global M&A in 2009 and then the Chief Operating Officer of Global Corporate and Investment Banking in 2010.
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