Look at how the market cap of BSC went down dramatically!
A strong wake up call for firms today stuck in the impasse or any flux, any units that are underperforming.
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The deal values Bear Stearns, which has been at the centre of the US mortgage debt crisis, at just $236m (£116m).
Its shares have lost 98% of their value since their high of $158 in April one year ago, when the bank was worth $18bn.
It means that the former chief executive of the bank, Jimmy Cayne, the richest boss on Wall Street, has seen his fortune plummet from $1bn to $12m.
A strong wake up call for firms today stuck in the impasse or any flux, any units that are underperforming.
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