“Ace” Greenberg Dies At Age 86

Alan C Greenberg, best known for his transformational role in catapulting Bear Sterns into a top-flight investment banking firm, died of cancer Friday at the age of 86.

Alan Greenberg’s career

He spent half a century at Bear Sterns, where he joined as a humble clerk. His hard work, determination and skills at trading and deal-making soon put him on the path to the top job. “Ace’ became chairman of Bear Sterns in 1985, and during this period acquired a reputation on Wall Street as a risk taker extraordinaire who had no fears dealing in anything from troubled NYC bonds...