Based on respect, integrity, meritocracy, innovation and a commitment to philanthropy, these guiding principles serve as blueprint for the way that we do business.http://www.bearstearns.com/sitewide/our_firm/index.htmRespect – We treat others with honor and esteem.
We run our company in such a way that all of our constituencies are treated with respect, including our employees, clients, shareholders, vendors, regulators and the people in the communities in which we live and work.
Integrity – We act in a manner that is based on, or characterized by, good judgment and sound thinking.
As an organization, we aspire to achieve the highest standards of professional conduct and ethics; to raise the bar on individual accountability for our actions; to prevent and detect wrongdoing; and to govern ourselves in accordance with the relevant rules, regulations, and laws.
Meritocracy – We have a culture where individuals are rewarded for their contributions to the whole.
We maintain an organizational philosophy in which all of the company's employees are recognized, rewarded and advanced based on their results, the quality of their work and their ability to uphold and improve the standards we have set for ourselves.
Innovation – We foster the development of new ideas, products and improvements.
We take pride in our willingness and ability to break from the crowd to pursue new or alternate paths. Our innovation can be seen in the nature and breadth of our products, the flexibility of our operating model and our focus on teamwork in our organizational processes.
Philanthropy – We believe that a personal commitment to charity is a basic underpinning of good citizenship.
We have a longstanding commitment to philanthropy. We believe that it fosters a more well-rounded individual, while providing substantial assistance to the communities in which we live and work.
http://www.bearstearns.com/sitewide/our_firm/guiding_principles.htmAs crisis deepens, Fed steps up role New York - In the wake of the collapse of Bear Stearns, a top investment bank, the Federal Reserve is struggling to reestablish confidence in America's financial system.
http://news.yahoo.com/s/csm/20080318/ts_csm/aconfidence;_ylt=AnypvIZBsZhbdQqyleEuDe6s0NUE________________________
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I'm glad to see such a principled business bailed out by US tax payers while those average americans on the shit end of the stick still lose their homes.
