{"id":6400,"date":"2007-08-06T00:00:00","date_gmt":"2007-08-06T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"bear-stearns-co-president-resigns","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/08\/2007\/bear-stearns-co-president-resigns.html","title":{"rendered":"Bear Stearns Co-President Resigns"},"content":{"rendered":"<p>  Street.Com- <span class=\"default\">Bear Stearns said Sunday that Co-President and Co-Chief Operating Officer Warren Spector has resigned following the meltdown of two of its hedge  funds.&nbsp;<\/span>&nbsp;<\/p>\n<p>  As part of a management overhaul, Alan Schwartz, who had been sharing duties with Spector, will become the company&#8217;s sole president. Chief Financial Officer Sam Molinaro will assume the additional  title of chief operating officer, Bear said.<\/p>\n<p>  In addition, Jeffrey Mayer, co-head of the fixed income division, was named to the Wall Street bank&#8217;s executive committee.<\/p>\n<p>  Spector, who also resigned as a Bear board member, had overseen the asset management division that housed the two hedge funds that fell apart earlier this summer after making big bets on the  subprime mortgage market.<\/p>\n<p>  <a href=\"http:\/\/www.thestreet.com\/s\/bear-stearns-co-president-resigns\/newsanalysis\/banking\/_msnh\/10372463.html?cm_ven=MSNH&amp;cm_cat=FREE&amp;cm_ite=NA\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Street.Com- Bear Stearns said Sunday that Co-President and Co-Chief Operating Officer Warren Spector has resigned following the meltdown of two of its hedge funds.&nbsp;&nbsp; As part of a management overhaul, Alan Schwartz, who had been sharing duties with Spector, will [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-6400","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/6400","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=6400"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/6400\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=6400"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=6400"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=6400"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}