Alas, poor Richard...

...The gruesome discovery of the bear-eaten remains of...Richard Lindsey...shocked the continent...

In an unrelated development, Bear Stearns announced Wednesday, Nov. 22, that global clearing services chief Richard Lindsey will leave by year’s end, apparently to consider “three [management, rather than trading] opportunities with New York-area hedge funds,” according to one report.

Lindsey’s exit comes just two months after a reorganization that stripped his fief of its prime brokerage sales responsibilities, and eight months after Bear Stearns agreed to pay $250 million – along with other assorted impositions – to settle charges that it committed securities fraud by, essentially, enabling much of the mutual fund market timing scandal.

Money quote, from among several candidates: “It's time to do something else,” Lindsey, who is 52, said in a phone interview. “I've helped turn this into a solid and well-run business.”

Was this man the real killer?
by Marian Scott
The Montreal Gazette Nov. 18 2006

Bear Stearns' global clearing chief to leave
Reuters Nov. 22 2006

Bear Stearns' clearing head Lindsey resigns
MarketWatch Nov. 22 2006

Bear Stearns Reorganizes Equities, Prop Trading
by Jed Horowitz
Dow Jones Newswires via EasyBourse Sep. 20 2006

Earlier NakedShorts coverage