Will Bear’s Senior Executives and Directors Be Criticized for Stock Sell-Off?

(NewsVisual, powered by IntellectSpace) -- A news reported on Friday said that several members of The Bear Stearns Companies Inc (NYSE:BSC) leadership team sold off large amounts of their shares to the tune of “more than $20 million in December,” according to MarketWatch.com. 

On Thursday, NewsVisual, citing a report in The New York Times, said that Bear employees were blaming JPMorgan Chase & Co (NYSE: JPM) CEO/President/Chairman James Dimon for Bear’s demise.

Today’s MarketWatch report, however, could exonerate Mr Dimon of such charges and serve to supplant him as the object of the Bear employee’s blame with several of Bear’s own Directors and Senior Executives, including Chairman James E Cayne, CEO/President/Director Alan D Schwartz, CFO Samuel L Molinaro, and Executive Committee Chairman/Director Alan C Greenberg, the MarketWatch article reported.

This report is bound to raise questions of whether their selling of the company’s shares during a time when the firm was enduring financial stress was ethical. 

In addition, investors could raise concerns about their service on other corporate boards.

NewsVisual decided to create an IntellectSpace Knowledge Map of Bear Stearns Board of Directors in order to illustrate its members’ past and current connections to other corporate entities.

The question of whether their service on other boards will come in for more scrutiny remains a question to be answered in the coming days.

To see the details of these Directors other board-room connections, click here for an interactive and fuller version of this IntellectSpace Knowledge Map.

(Note: the information contained and presented in Knowledge Maps is public information from the Securities and Exchange Commission of the United States of America).