Remembering Ace Greenberg, the 'last of a breed'

Wall Street Bull

There's a reason that people keep using the phrase "last of a breed" to describe Alan "Ace" Greenberg, the former Bear Stearns CEO who died Friday.

There's a reason that people keep using the phrase "last of a breed" to describe Alan "Ace" Greenberg, the former Bear Stearns CEO who died Friday.

Greenberg, 86, was an icon of a long-past time on Wall Street, a mailroom clerk made good, and the world of finance remembered him after word of his passing.

In a memo to JPMorgan employees Friday, CEO Jamie Dimon - himself fighting cancer - paid tribute.

"It's hard to imagine a financial services industry without Ace. In many respects, he epitomized the American dream, rising from a clerk to the corner office during his 65 years with the firm," he wrote.

 

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