LANDON THOMAS JR and KATE HAMMER, The New York Times,
Submitted by: Editor
Aftershocks of a Collapse at Bear Stearns
More so than other firms on Wall Street, Bear had encouraged its employees, from secretaries to top executives, to be long-term holders in the company's stock, and the employees own over 30 percent of the company.
Now they are all screwed. Except for the Board of Directors, the CEO, and top executives.