Bear Stearns Axes Prez Over Fund Fiasco

Subprime woes reach executive suite after hedge funds implode

By Dustin Lushing, Newser Staff

Posted Aug 6, 2007 5:09 AM CDT

(Newser) – Bear Stearns has fired its No. 2 and once-likely successor as CEO in the wake of the collapse of two company hedge funds worth more than $1B, reports the Wall Street Journal. Warren Spector, the most high-profile casualty to date in the subprime-mortage crisis rocking... Read full story »

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Bear Stearns Axes Prez Over Fund Fiasco

Subprime woes reach executive suite after hedge funds implode

housing market • subprime mortgages • Bear Stearns • hedge fund • houses • investment • Warren Spector • James Cayne

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Add Cayne to roster of victims of subprime collapse

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