Alan "Ace" Greenberg
| Alan C. Greenberg | |
|---|---|
| Born |
September 3, 1927 Wichita, Kansas |
| Died | July 25, 2014 (aged 86) Manhattan, New York |
| Citizenship | United States |
| Occupation | Businessman |
| Spouse(s) | Ann (1954-1976; divorced) Kathryn A. Olson (m. 1987) |
| Children |
with Ann Greenberg: --Lynne Koeppel --Ted Greenberg |
| Parent(s) | Theodore and Esther Greenberg |
Alan Courtney "Ace" Greenberg (September 3, 1927 – July 25, 2014) was a Chairman of the Executive Committee of The Bear Stearns Companies, Inc.
Greenberg was born in Wichita, Kansas but raised in Oklahoma City in an upper middle-class Jewish family, one of three children of Theodore and Esther Greenberg. His father owned a woman's clothing store and was part of an extended family that operated clothing stores in Kansas, Oklahoma and Missouri.
Greenberg first attended the University of Oklahoma on a football scholarship. Later injuring his back, he transferred to the University of Missouri receiving a B.A. in business in 1949. After graduating, Greenberg decided to pursue a career on Wall Street and accepted an offer from Bear Stearns. He accepted a position as a clerk receiving a salary of $32.50 per week.
Greenberg rose through the ranks of Bear Stearns eventually serving as its CEO from 1978 to 1993 and Chairman of the Board from 1985 to 2001. Greenberg also served as a non-executive director of Viacom. He was the author of Memos from the Chairman, which is a compilation of memos he issued to the associates of Bear Stearns during his tenure as CEO.
While serving as Chairman of the Executive Committee of Bear Stearns, Greenberg oversaw the collapse of the company in March 2008. He was subsequently involved in the talks with JPMorgan Chase which eventually bought out the failing company.Fortune reported that Greenberg agreed to join JPMC as vice chairman of Bear's retail business.
In 1969, Greenberg hired James Cayne as a stockbroker at Bear Stearns. By 1993, Cayne was CEO of Bear Stearns, a position he held until January 2008 (just before the firm's demise in March 2008), and was succeeded by Alan Schwartz.
Alan Greenberg was married twice:
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Wikipedia