Bonuses boost for Bear Stearns brokers

JPMorgan Chase & Co. is offering bonuses to the top brokers at ailing bank Bear Stearns to get them to stay with the company after it is acquired.

Bonuses boost for Bear Stearns brokers
Wed, 26 Mar, 2008 - 10:16

JPMorgan Chase & Co. is offering bonuses to the top brokers at ailing bank Bear Stearns to get them to stay with the company after it is acquired.

The packages, which would go into effect when JPMorgan’s buyout is completed, are aimed at keeping Bear Stearns’ best-performing brokers from leaving for another investment bank.

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