gary-reback

Bear Stearns Exec Trades Down in Scarsdale

cityfile · 05/12/09 09:06AM

Gary Reback worked at Bear Stearns until the bank crumbled last year and, like thousands of others, he was laid off. Yesterday, Reback filed a lawsuit against the firm and the bank that acquired Bear Stearns, JPMorgan Chase, for denying him the $2 million bonus and $1.1 million severance package he insists he's entitled to. The unusual suit didn't earn him much sympathy from the press. (The first sentence of a Post article called him a "bonus crybaby".) But clearly times are tough for Reback.