Bear Stearns reviews

Compensation was always an issue - bonus' were very meek to IT staff even in good markets and raises were not granted - all pay treatment was done as bonus No 401K match No pension -profit sharing and that was not very good either Frequently changing benefit providers Bonus' were mostly distibuted based on who you knew rather than what you did They often made rules but when a senior exec challenged a rule when trying to enforce it they would rarely if ever back local managers Some staff at some sites were outsourced and others were not, also done based on popularity of the local site managment with NY

Mismanaged prior to 2007, lack of controls, relatively weaker risk management platform