907: Leaning In to Operations | Rick Rosenthal, CFO, CLARA Analytics
Rick Rosenthal had been working as an investment analyst at Bear Stearns for some 3 years when the bank became a casualty of the subprime mortgage crisis.
He remembers sitting in front of his Bloomberg terminal in March 2008 and watching a news conference at which a Wall Street expert was assuring viewers that Bear Stearns was a solid company—just as the bank’s stock began to plummet.
In a deal reached a few days later, JPMorgan Chase agreed to pay a mere $2 a share to buy all of Bear.
“While our fund had been performing well, JPMorgan had its own, so the question became, ‘What is going to…
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