June 11, 1998 |
The sex--$1 million worth--is on Alan "Ace" Greenberg. The chairman of investment firm Bear, Stearns & Co. is donating the pile of money to buy Viagra for poor men. "I made the money and I'm going to give it away any way I want to," Greenberg said Wednesday. "The public interest in Viagra says a lot about how many people have been suffering in silence." It's not the financier's first unusual donation.
June 27, 2001 |
Alan "Ace" Greenberg, long known as one of Wall Street's savviest executives, is stepping down as chairman of investment firm Bear Stearns Cos. (BSC), the company said Tuesday. Greenberg, 73, joined Bear Stearns in 1949. The firm's chief executive from 1978 to 1993, he was responsible for one of the most profitable periods in Bear Stearns' history, which included its initial public offering in 1985. "I think over the years we demonstrated we know how to use our capital," Greenberg said.
July 2, 1995
Celebrities have to manage their money too--and some of them are pretty good at it. So eat your heart out, Robin Leach. In their own words, six notables shared their savvy moves with free-lance writer Susan Jaques. Ivana Trump, Businesswoman After my separation and divorce, I needed to invest money received from my marriage settlement. I saw this settlement as my children's future, and the most important thing to me was that it be invested well.
May 19, 1996 |
When I was tall enough to reach, my mother taught me to turn out the lights. Nobody ever praised her "wit and wisdom" in this regard, although we did think she was a plenty good mom--despite her nagging. Now, I learn how significant her advice was. She should have gone into business on Wall Street. She should have written down her ideas: "Turn out the lights when you leave a room."
March 12, 1990
Blue Cross of California has the blues because it thinks that the press is ignoring it, but the health insurer isn't suffering in silence. In a recent letter to the editor of the trade paper Managed HealthCare, Blue Cross Chief Executive Leonard D. Schaeffer complimented the editors for a recent article on the Blue Cross/Blue Shield system. However, he added, "as usual, the Chicago-based Blue Cross and Blue Shield Assn. and the Chicago Plan were interviewed for the article.
August 23, 1988 |
Morgan Stanley & Co., Merrill Lynch & Co. and Bear, Stearns & Co. were by far the biggest practitioners last month of the controversial stock market techniques called program trading, according to New York Stock Exchange figures disclosed Monday.