As you’ve probably heard by now, Alan “Ace” Greenberg, former Chairman and CEO of Bear Stearns, who was later named “vice chairman emeritus” of JP Morgan, died today at the age of 86. While he paid the bills with his finance gig, his true passion was magic. On this day, let us remember some favorite facts about Greenberg, vis-à-vis his time on the magic circuit.

Oh, and the time he told a reporter Jimmy Cayne, his former colleague, was (is?) “a lying f*ck.” Not really related to magic but, y’know, posterity and stuff.

Alan C. Greenberg Is Dead at 86; Led Bear Stearns Through Its Rise and Fall [NYT]

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Comments (20)

  1. Posted by Captain Oblivious | July 25, 2014 at 3:08 PM

    Hell of a magic trick Ace. Better than the one where you made that investment bank disappear.

  2. Posted by Guest | July 25, 2014 at 3:20 PM

    Condolences to his family. He was not your typical Ivy Leauge Wall Street CEO, came out of the University of Oklahoma with nothing and was a scrappy, slightly eccentric leader. He rode Bear all the way up and down…. and as much money he made on the way up, the way down crushed his spirit.

  3. Posted by Jimmy Cayne | July 25, 2014 at 3:34 PM

    Im gonna puff on a blunt and tell some Ace stories tonight.

  4. Posted by Guest I Guess | July 25, 2014 at 3:36 PM

    sarcasm aside (for once), cnbc and nyt basically did a takedown piece on the guy instead of an obit. fuck 'em.

  5. Posted by Guest | July 25, 2014 at 3:40 PM

    RIP. A good guy who will be immediately vilified by people who have never heard of him.

  6. Posted by Finance Tool | July 25, 2014 at 3:41 PM

    CNBC is a fuckin joke. Every single person on that network is a moron. Other than that I am a big fan

  7. Posted by Captain Oblivious | July 25, 2014 at 3:44 PM

    So he had no hand in the demise of Bear? Be serious. I worked at Bear for years and those ass clowns ran that place into the ground

  8. Posted by Captain Oblivious | July 25, 2014 at 3:52 PM

    agreed but would let Mandy give me a hernia test

  9. Posted by Obamakerry | July 25, 2014 at 4:01 PM

    CIA is telling us they have uncovered youtube video evidence showing an Amazon Prime delivery of Beluga Caviar to Greenberg the months before his death.

  10. Posted by guest | July 25, 2014 at 4:07 PM

    Er, so obituary's are supposed to white wash the truth? Grow up.

  11. Posted by guest | July 25, 2014 at 4:07 PM

    Then mark this the first ever time CNBC did not suck a wall street exec's cock on live tv and call it journalism.

  12. Posted by guest | July 25, 2014 at 4:07 PM

    people still watch cnbc? seriously?

  13. Posted by guest | July 25, 2014 at 4:08 PM

    You are not funny.
    -universe

  14. Posted by Obamakerry | July 25, 2014 at 4:08 PM

    You think this is a joke?

  15. Posted by gasbagole | July 25, 2014 at 4:39 PM

    only the dead know the end to vilification. That's the CNBC card. no one ti offend or be sued by.

  16. Posted by Lynn Tilton | July 25, 2014 at 4:47 PM

    when is this going on?

  17. Posted by Guest | July 25, 2014 at 9:58 PM

    I know this will come as a surprise and I hate to be the one to have to tell you so but they hired retarded people like you because they received a tax break as well as good p.r. for doing so. My guess is that you are now working in the mailroom at either Citi or UBS.

  18. Posted by guest | July 26, 2014 at 10:34 AM

    yes, albeit a stillborn one.

  19. Posted by mrp | July 28, 2014 at 2:37 PM

    That was me who made the bank disappear. Top that, Ace.

    -Jimmy

  20. Posted by Pat | July 28, 2014 at 2:42 PM

    you mean MIZZOU