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Ace Greenberg is the Legendary CEO of Bear Stearns

Ace Greenberg in Financial World

Financial World
The Wall Street 100
By Stephen Taub and David Carey with Alison M. Smith
July 21, 1992
Page 55

No. 84 Alan Greenberg
Bear Stearns
$5.3 million

Charity begins at the top of Bear Stearns. Greenberg, the chairman, whose earnings were awarded for the fiscal year that ended in June 1991, demands that top managers give a portion of their income to charity. Heeding his own decree, Greenberg recently sold a chunk of his Bear Stearns stock for $7.8 million and earmarked most of the sum for charities. Known for his terse one-liners, his love for playing bridge, and his legerdemain as an amateur magician. "Ace" joined Bear Stearns directly from the University of Missouri in 1949, where he majored in business on a football scholarship. His daughter, Lynne, was the first woman to own a seat on the Amex. Recently Greenberg was knighted by the queen of Denmark.

Financial World
The Wall Street 100
By Stephen Taub, Nanette Byrnes, and David Carey
July 6, 1993
Page 48


Source: Financial World, July 6, 1993
Illustration by Jeff Wong
No. 29 Alan "Ace" Greenberg

Bear Stearns
$15.8 million

In 1992, Alan Greenberg, the 65-year-old Bear Stearns chairman and CEO, received almost three times the cash compensation he got the year before, thanks in large part ot a record $295 million his firm racked up in profits. In response to criticism of the generous performance compensation arrangements for top Bear Stearns brass when fiscal 1992 compensation came out last summer, Greenberg, who has been CEO of the partnership for 15 years, and the board decided to reduce the bonus pool as a percentage of pretax income. Born in Wichita, Kan., this onetime University of Oklahoma football player transferred to the University of Missouri after an injury. He is famous for his sarcastic monosyllabic conversational style. A member of the Society of American Magicians and veteran of the trading pit, he is too superstitious to trust a good streak. According to reports, he stores a hard hat with his name printed on it in his desk. Might come in handy when the sky falls. A world-class penny-pincher, he circulates memos reminding employees to save paper clips.

Financial World
The Wall Street 100
Call it the year of the hedge funds. For this elite band, it was the best year ever.
By Stephen Taub and David Carey with Andrew Osterland and David Yee
July 5, 1994
Page 50


Source: Financial World, July 5, 1994
Photograph by Robert Kalfus/ Gamma Liaison

No. 54 Alan Greenberg
Bear Stearns
$16.2 million

Alan "Ace" Greenberg cant escape the criticism that comes with the hefty paychecks hes been receiving lately. "Im just so sick of hearing about this money thing," said Greenberg after it was reported that his income last year from publicly traded Bear was larger than $15.8 million he made in 1992. Trouble is, hes too good at his job. Earnings at Bear were $362 million last year, up 23%. Even with a base salary of $200,000 for top executives and a profit sharing formula that has been revised downward twice since the company went public in 1985, the money keeps rolling in for Bear executives. Greenberg, however, is a firm believer in sharing the wealth, requiring his employees to donate 4% of their salaries to charity.



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