Blogging Executive Moved Following Hedge Fund Debacle
More in BUSINESS NEWS
back-up- Top Firms Finally Hit By H1N1 Threat
- Top Firm Caught Out By Rogue Traders
- 'It's Not As If They Paid Great Bonuses In The First Place!'
- Top Firm Chain Letter
- Sisters Are Doing It For Themselves
- Dear All - 'I Am Not Interested' In Bank of America Job
- Bank of America, BNP Paribas, Goldman, JPMorgan, Galleon Group
- Old Traders Never Die - The Seance
- Click Here To Register For Free News E-Mail Alerts
- Speculation Mounts About Goldman's Bonus Plans
- Top Boss Tells Church Crowd 'Profit Is Not Satanic'
- Your Views On Bonuses (Poll Results)
- Bank of America 'Is Not A Monarchy'
- Bankers Will Have The Last Laugh On Pay
- 'There Aren't Many People Who Think Charlotte Is A Major Financial Center'
- Top Firm Delivers 'Another Big Disappointment'
- Bank Of America CEO Poll - Incredible Result
- Scruffy Civil Servant Warns Tax Dodgers
- BofA Said To Have Got Another Turn-Down
- Interview With Bernie Madoff
- Top Firm Dismisses Talk Of Further $10bn Writedown
- The Average British Soldier
- Top Firm Puts More Aside For Staff Compensation
- Firms On Alert As Insect 'Infestation' Crashes PC Networks
- Register Now For Free 'Old Traders Never Die' Updates
- Secretary Geithner's Written Testimony On Reform Of Financial System
- ISITC Europe Successfully Introduces New Operating Structure
- Dumb & Dumber - Incredible Details About Lehman Weekend Revealed
- The Cityboy Column
- The Man Bank of America Should Hire As CEO (But Won't)
- Goldman Needs To Give Away $1bn
- Top Firms Said To Have Lost $400m On Hedge Fund
- H1N1 Flu - Have You Got It ? (Quick Test)
- H1N1 Bank Call Center Transcript (You Couldn't Make It Up)
- 'It's Just No Fun Anymore!'
- Top Firm CEO Says He Won't Poach Staff From Rivals
- 'I Hate Recruitment Consultants' - Reader Comments
- Bohemian Bankruptcy
- 'I Hate Recruitment Consultants'
- Mack Attack - The Moment Big John Hit Back
- Compliance Training ? 'The Biscuits Were Good'
- Banker, Hire Thyself
- IT Recruitment - The Smart Way
- And Wall Street's Top Athlete Is...........
- John Mack On Saving Morgan Stanley
- Bankers Taught How To Be Killing Machines
- Banks Given Five More Days To Justify Bonuses
- Billionaire Madoff Investor Found Dead In Swimming Pool
- Top Bailed-Out Execs Averaged $18m Each In 2008
- The Vic Daniels Column - 26/10/09
Related Content
- Name Of New Hedge Fund Gives Pause For Thought (20/08/2009)
- Hedge Fund Exec In Tragic Death Fall (29/09/2009)
- Top Firms Said To Have Lost $400m On Hedge Fund (29/10/2009)
Ralph Cioffi, 51, the day-to-day manager of the two troubled hedge funds, has also been relieved of his duties. He, too, will stay on at Bear for the time being as an adviser.
Marlin enjoyed a good start at Bear, tripling funds under management and securing several key strategic hires. This hedge fund debacle occurred on his watch, however, and he looks now to have paid the price.
The Bear executive is also now famous for his personal blogging prowess. Although password protected to limit access, various excerpts from his blog have found their way onto the net over the last few days, including this posting dated 23.06.07:
'This pretty much sums up my last two weeks, trying to defend Sparta against the Persian hordes of Wall Street. Nothing like a good fight 24 x 7 for a few weeks to remind you why you chose the life you chose. The good news is that after two embattled weeks, I and my loyal staff are still standing to fight another day. If you want details....pick up the Wall Street Journal for the past week and we were in the top three stories every day. It's nice to know you can have an impact on the world....Next time I'll try to make a slightly more positive impact....'.
Sadly Marlin didn't have too many days of 'fight' left to him.
Finally, investors in the two Bear Stearns funds affected by the recent difficulties will probably have to wait until mid-July to find out how much they have lost.
Please use the 'E-Mail' button immediately under the article title to send this item to a friend.
