• 02 Jun 2008 at 10:49 AM

Severance Watch ’08: Bear Stearns

By Bess Levin

Apparently getting laid off by Bear Stearns in Dallas isn’t such a bad deal. First year analysts are said to be receiving three months severance plus a full bonus, according to a source familiar with the parting gifts.

Comments (12)

  1. 1
    Posted by guest | June 2, 2008 at 10:57 AM

    What about a sheet cake????

  2. 2
    Posted by mktmkr | June 2, 2008 at 10:59 AM

    Equities in Dallas!

  3. 3
    Posted by guest | June 2, 2008 at 11:04 AM

    And second year analysts are getting nothing. Look it up.

  4. 4
    Posted by guest | June 2, 2008 at 11:25 AM

    A first year I know at bear in nyc got laid off with 3 months severance and a bonus. Not a bad summer break if you ask me.

  5. 5
    Posted by lift all the offers | June 2, 2008 at 11:27 AM

    Sure, but it’s only a break if you find meaningful employment on the other side.

  6. 6
    Posted by guest | June 2, 2008 at 11:41 AM

    Know for a fact that first years in NYC got 12 weeks + bonus. Woo severance summer 08!

  7. 7
    Posted by merkin capital partners | June 2, 2008 at 12:00 PM

    12 weeks…lucky, that’s way better than 3 mos

  8. 8
    Posted by guest | June 2, 2008 at 12:06 PM

    merkin capital partners…stop it…yer killin’ me!
    ~Shecky Buffett

  9. 9
    Posted by guest | June 2, 2008 at 12:27 PM

    smartass, 12 weeks is actually worse than 3 months

  10. 10
    Posted by guest | June 2, 2008 at 2:21 PM

    If the FEDS had any interest in fixing the problem instead of setting example, blame would have been put on Citi to increase controls and reporting. Sure Gile was in front of this, but he was just a cog in the machine.
    This article fails to draw attention to the fact that the inflated numbers benefited Citi as well. Jailing Giles will change no ones actions and just makes it easier for Corps to place blame on employees for oversites that the Corps themselves could have much easily corrected. Why would they though when the traders will now take the fall?
    -chad

  11. 11
    Posted by guest | June 2, 2008 at 2:22 PM

    shit, posted that in wrong page. ignore.
    -chad

  12. 12
    Posted by guest | June 2, 2008 at 5:57 PM

    How much bonus are they getting (full year #s haven’t been released yet)?

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