Bear Stearns Elects Michael Goldstein to the Board of Directors of the Corporation.Appointment Increases Board Of Directors To 13 Members NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- The Bear Stearns Companies Inc. (NYSE NYSE See: New York Stock Exchange : BSC (Binary Synchronous Communications) See bisync. ) announced today that Michael Goldstein has been elected to the Board of Directors of the Corporation. Mr. Goldstein will be a member of the audit committee. Mr. Goldstein is the retired Chairman and Chief Executive Officer of Toys "R" Us Toys "R" Us (currently typeset as ToYsЯuS in the logo) is a toy store chain based in the United States, Canada, Australia,The Netherlands, South Africa, Hong Kong and the United Kingdom. , Inc. He joined Toys "R" Us in 1983 as Chief Financial Officer and served in various executive level positions in the course of his 18 year tenure there. Currently, he serves on the Board of Directors of 4Kids Entertainment, Martha Stewart Omnimedia, Medco Health Solutions Medco Health Solutions, Inc. (NYSE: MHS) is a leading pharmacy benefit manager (PBM) company based in Franklin Lakes, New Jersey. The current chairman is David Snow. The company formed in August 2003 as a spinoff from Merck & Co.. , Pacific Sunwear, and United Retail Group. Prior to joining Toys "R" Us, Mr. Goldstein, a Certified Public Accountant Certified Public Accountant (CPA) An accountant who has met certain standards, including experience, age, and licensing, and passed exams in a particular state. , worked at Ernst & Young for 16 years where he reached the rank of Audit Partner. Commenting on the appointment, James E. Cayne, Bear Stearns Chairman and Chief Executive Officer, said, "Michael is a strong addition to our Board. His vast experience, leadership, and integrity will provide us with another accomplished, independent director on our Board. We welcome Michael, and look forward to the insight and perspective he will bring to the position." Michael Goldstein added, "I am proud to be joining The Bear Stearns Companies Inc. Board of Directors. Bear Stearns is a well-respected firm with a great record of performance and creating value for its shareholders. I look forward to working with my fellow board members to help lead Bear Stearns to even greater success." Founded in 1923, The Bear Stearns Companies Inc. (NYSE: BSC) is the parent company of Bear, Stearns & Co. Inc., a leading investment banking, securities trading and brokerage firm. With approximately $66.9 billion in total capital, Bear Stearns serves governments, corporations, institutions and individuals worldwide. Through Bear, Stearns Securities Corp., it offers financing, securities lending, clearing and technology solutions to hedge funds, broker-dealers and investment advisors. Headquartered in 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 company has approximately 13,500 employees worldwide. For additional information about Bear Stearns, please visit the firm's web site at www.bearstearns.com. |
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