Bear Stearns: Out With the Old, In With the New?

by Derek Loosvelt | March 26, 2008

  • My Vault
Inside sources tell Vault that summer and full-time employment offers given by Bear Stearns to undergrads and MBAs have not been rescinded. At least not yet.

Following the announcement more than a week ago that JPMorgan would be buying Bear for $2 a share—a deal that has since been increased to $10 a share—many would-be Bear bankers began sending out resumes to other banks, fearing that Bear would not be able to back up its offers. According to Vault sources, JPMorgan got wind of this and advised those who've receieved offers from Bear to sit tight for another two or three weeks, indicating that an official decision has not yet been reached about their fates.

Meanwhile, thousands of current Bear employees are still awaiting a decision on theirs.

Filed Under: Finance

Vault welcomes your views. Please stay on topic and be respectful of other readers. Review our User Guidelines.

blog comments powered by Disqus

Featured Companies

Become a Vault Basic Member

Complete your Vault Profile and get seen by top employers