Bear to beef up management committee
Bear Stearns will double the size of its management committee to restore investor confidence after two of its hedge funds collapsed on bad subprime mortgage bets.
Bear Stearns Cos. Inc. chief executive James Cayne said last week that the company will double the size of its management committee, to restore investor confidence after two of its hedge funds collapsed on bad subprime bets.
The New York-based financial services company added the heads of its inves
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