Bear Stearns' First Allocation From Charitable Fund Will Aid The Concert for New York City.Business Editors NEW YORK--(BUSINESS WIRE)--Oct. 18, 2001 Bear, Stearns & Co. Inc. today announced The Bear Stearns The Bear Stearns Companies, Inc. (NYSE: BSC) is the parent company of Bear, Stearns & Co. Inc., one of the largest global investment banks and securities trading and brokerage firms in the world. Charitable Foundation, Inc.'s sponsorship of The Concert for New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. . The donation marks the first distribution from the fund, which was established to facilitate donations from the Firm, its employees and its clients to those affected by the September 11th tragedy. All of the proceeds from the concert will go directly to the Robin Hood Relief Fund to meet the immediate and long-term requirements of the neediest victims of the September 11th attack. The Board of Directors of the Robin Hood Foundation The Robin Hood Foundation is a charitable organization which attempts to allieviate problems caused by poverty in New York City, New York. The Robin Hood Foundation was featured in Fortune Magazine's 18 September 2006 issue where the article states that the foundation is "one of is underwriting all of the administrative costs administrative costs, n.pl the overhead expenses incurred in the operation of a dental benefits program, excluding costs of dental services provided. associated with the concert, and therefore, 100% of the monies raised will be use to help those in need. Additionally, 300 firefighters, police officers and rescue workers will be guests of Bear Stearns at the concert. Commenting on the donation, Chairman and Chief Executive Officer James E. Cayne, said, "We are honored to be sponsoring an event that can potentially raise a tremendous amount of money for those in need, but will also provide New Yorkers with a way to come together, celebrate and support our city." To find out more about this event please visit www.robinhood.org. Founded in 1923, Bear, Stearns & Co. Inc. is a leading worldwide investment banking and securities trading and brokerage firm, and the major subsidiary of The Bear Stearns Companies Inc. (NYSE NYSE See: New York Stock Exchange :BSC (Binary Synchronous Communications) See bisync. ). With approximately $28.4 billion in total capital, Bear Stearns serves governments, corporations, institutions and individuals worldwide. The company's business includes corporate finance and mergers and acquisitions, institutional equities and fixed income sales, trading and research, private client services, derivatives, foreign exchange and futures sales and trading, asset management and custody services. Through Bear, Stearns Securities Corp., it offers prime broker and broker dealer services, including securities lending Securities Lending When a brokerage lends securities owned by its clients to short sellers. Notes: This allows brokers to create additional revenue (commissions) on the short sale transaction. . Headquartered in New York City, the company has domestic offices in Atlanta, Boston, Chicago, Dallas, Denver, Los Angeles, San Francisco and San Juan; and an international presence in Beijing, Dublin, Herzliya, Hong Kong, London, Lugano, Milan, Sao Paulo, Seoul, Shanghai, Singapore and Tokyo. For additional information about Bear Stearns, please visit the firm's Web site at http://www.bearstearns.com. |
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