{"id":6928,"date":"2007-12-21T00:00:00","date_gmt":"2007-12-21T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"chiefs-of-bear-stearns-and-morgan-stanley-forgo-bonuses-amid-losses","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/12\/2007\/chiefs-of-bear-stearns-and-morgan-stanley-forgo-bonuses-amid-losses.html","title":{"rendered":"Chiefs of Bear Stearns and Morgan Stanley forgo bonuses amid losses"},"content":{"rendered":"<p>International Herald Tribune- James Cayne and John Mack have a lot in common. The chiefs of Bear Stearns and Morgan Stanley have presided over announcements of steep losses this week and forgonebonuses.<\/p>\n<p>  And, despite a year that they would certainly admit to being among the worst in their firm&#8217;s long histories, both are holding tight to their perches of power.<\/p>\n<p>  Cayne, who is 74, has rebuffed any suggestion that he cede his chief executive title, even as Bear Stearns, battered by $1.9 billion from subprime-linked charges, reported its worst quarter ever  Thursday.<\/p>\n<p>  Mack, 63, who pushed his traders to take the kind of risks that eventually led to $11 billion in losses, has persuaded his board for now that he is still the person to lead Morgan Stanley.<\/p>\n<p>  <a href=\"http:\/\/www.iht.com\/articles\/2007\/12\/21\/business\/bank.php\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>International Herald Tribune- James Cayne and John Mack have a lot in common. The chiefs of Bear Stearns and Morgan Stanley have presided over announcements of steep losses this week and forgonebonuses. And, despite a year that they would certainly [&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-6928","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/6928","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=6928"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/6928\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=6928"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=6928"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=6928"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}