Bear Stearns (BSC) said Sunday that Co-President and Co-Chief Operating Officer Warren Spector has resigned following the meltdown of two of its hedge funds.As part of a management overhaul, Alan Schwartz, who had been sharing duties with Spector, will become the company's sole president. Chief Financial Officer Sam Molinaro will assume the additional title of chief operating officer, Bear said.
Bear Stearns Co-President Resigns
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.