I think they got their golden parachutes in advance, and, likely, in expectation of this day
`````````````````````````````````````````````````````````````````````````````````````````````
James E. Cayne . . . 6,399,914 shares 5.32%
Other beneficial holders of stock (5% or more):
Private Capital Management, L.P.
8889 Pelican Bay Blvd., Suite 500
Naples, Florida 34108
7,043,319 5.9%
Putnam LLC, d/b/a Putnam Investments and related entities
One Post Office Square
Boston, Massachusetts 02109
6,627,344 5.5%
COMPENSATION TABLES AND OTHER INFORMATION
James E. Cayne, Chairman of the Board and CEO
hopefully, he and the other big shot execs saved some for a rainy day - approx. $70 million in bonuses to 5 of them in 2006 alone
this is just for Cayne over 3 years
for fiscal year 2006
```````````````````
Salary ($) 250,000
Bonus
$17,070,746Restricted Stock Awards (long term awards) $14,838,829
Securities Underlying Options $35,788
All Other Compensation $6,154,315
2005 (same categories, top to bottom)
````
$200,000
$12,721,154$10,295,769
$56,573
$5,180,904
2004
````
$200,000
$10,081,291$9,496,209
$168,585
$6,482,057
The Board of Directors ... the Board that Directs ... or once directed ... if they could't direct/manage Bears Sterns, what are they doing in their other involvements?
James E. Cayne, age 72, has been Chairman of the Board and Chief Executive Officer of the Company and
Bear Stearns for more than the past five years. Mr. Cayne has served as a Director of the Company since 1985 and is a member of the Executive Committee. Mr. Cayne is not on the board of directors of any other public company.
Henry S. Bienen, age 67, has been
President of Northwestern University for more than the past five years. Mr. Bienen has served as a Director of the Company since 2004 and is a member of the Audit and Qualified Legal Compliance Committees. Mr. Bienen is not on the board of directors of any other public companies.
Carl D. Glickman, age 80, has been a private investor for more than the past five years. Mr. Glickman has served as a Director of the Company since 1985 and is a member of the Audit and Qualified Legal Compliance Committees and is the Chairman of the Compensation Committee. He is also the Presiding Trustee and Chairman of the Executive Committee of the Lexington Corporate Properties Trust.
Michael Goldstein, age 65, was the Chairman and Chief Executive Officer of Toys “R” Us, Inc. until his retirement in June 2001. From June 2001 through May 2006, Mr. Goldstein was the Chairman of Toys “R” Us, Inc. Children’s Fund. Mr. Goldstein was appointed to the Board of Directors and the Audit Committee on January 10, 2007.
Mr. Goldstein is on the boards of the following additional public companies: 4Kids Entertainment, Inc.; Martha Stewart Living Omnimedia, Inc.; Medco Health Solutions, Inc.; Pacific Sunwear of California, Inc.; and United Retail Group, Inc.Alan C. Greenberg, age 79, has been Chairman of the Executive Committee of the Company for more than the past five years. Mr. Greenberg has served as a Director of the Company since 1985. Mr. Greenberg is on the board of one additional public company:
Viacom Inc.Donald J. Harrington, age 61, has been the
President of St. John’s University for more than the past five years. Mr. Harrington has served as a Director of the Company since 1993 and is a member of the Compensation Committee. Mr. Harrington is not on the board of directors of any other public companies.
Frank T. Nickell, age 59, has been President and Chief Executive Officer of Kelso & Company, a privately held merchant banking firm, for more than the past five years. Mr. Nickell has been Chairman of Kelso & Company since June 19, 2006. Mr. Nickell has served as a Director of the Company since 1993 and is a member of the Compensation, Corporate Governance and Nominating, and Finance and Risk Committees. Mr. Nickell is not on the board of directors of any other public company.
Paul A. Novelly, age 63, has been Chairman of the Board and Chief Executive Officer of
Apex Oil Company, Inc., a privately held company engaged in wholesale marketing, storage and distribution of petroleum products, for more than the past five years. Mr. Novelly has served as a Director of the Company since 2002 and is a member of the Audit, Corporate Governance and Nominating, and Qualified Legal Compliance Committees and is the Chairman of the Finance and Risk Committee. Mr. Novelly is on the board of one additional public company: Boss Holdings, Inc.
Frederic V. Salerno, age 63, was
the Vice Chairman and Chief Financial Officer of Verizon Communications Inc. (formerly Bell Atlantic Corporation) until his retirement on September 30, 2002. Prior to June 2000, Mr. Salerno was the Senior Executive Vice President and Chief Financial Officer/Strategy and Business Development of Bell Atlantic Corporation. Prior to the merger of NYNEX Corp. (“NYNEX”) and Bell Atlantic Corporation, Mr. Salerno was the Vice Chairman of the Board of NYNEX for more than five years. Mr. Salerno has served as a Director of the Company since 1992 and is a member of the Audit, Finance and Risk, and Qualified Legal Compliance Committees and is the Chairman of the Corporate Governance and Nominating Committee.
Mr. Salerno is on the boards of the following additional public companies: Popular, Inc.; Viacom Inc.; Consolidated Edison, Inc.; Akamai Technologies, Inc.; and IntercontinentalExchange, Inc.Alan D. Schwartz, age 56, has been the President and Co-Chief Operating Officer of the Company and Bear Stearns for more than the past five years. Mr. Schwartz has served as a Director of the Company from 1987 until 1996 and from 1999 until present and he is a member of the Executive Committee.
Warren J. Spector, age 49, has been the President and Co-Chief Operating Officer of the Company and Bear Stearns for more than the past five years. Mr. Spector has served as a Director of the Company from 1987 until 1996 and from 1999 until present and he is a member of the Executive Committee.
Vincent Tese, age 63, has been the Chairman of
Wireless Cable International Inc. for more than the past five years. Mr. Tese has served as a Director of the Company since 1994 and is a member of the Compensation, Corporate Governance and Nominating, and Finance and Risk Committees and is the Chairman of the Audit Committee and the Qualified Legal Compliance Committee.
Mr. Tese is on the boards of the following additional public companies: Bowne & Co., Inc.; Cablevision Systems Corporation; Mack-Cali Realty Corporation; IntercontinentalExchange Group; and GAMCO Investors, Inc.Wesley S. Williams Jr., age 64 had been a partner in the law firm of Covington & Burling LLP for more than five years prior to his retirement on January 1, 2005. He has been President and Chief Operating Officer since 2004, Co-President and Co-Chief Operating Officer from 2003 to 2004, and Co-Chairman and Co-Chief Executive Officer for more than five years, of
Lockhart Companies Incorporated, a 32-company conglomerate of real estate, insurance, and consumer finance companies
operating largely in the Eastern Caribbean. Prior to his retirement on January 1, 2005, Mr. Williams had been Chairman from 2003 through 2004, Deputy Chairman from 2001 through 2002,
and a member of the Board of Directors for more than five years, of the Federal Reserve Bank of Richmond. Mr. Williams has also been Chairman since 2004, and a member of the Board of Directors for more than five years, of the National Prostate Cancer Coalition. Mr. Williams has served as a Director of the Company since 2004 and is a member of the Audit and Qualified Legal Compliance Committees.
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