Bear Stearns pair get fatter payBear Stearns Cos. will pay...

BUSINESS DIGEST

August 06, 1993

Bear Stearns pair get fatter pay

Bear Stearns Cos. will pay Chairman Alan C. Greenberg and Chief Executive James E. Cayne more for the latest fiscal year than they received a year ago.

A company official, confirming a report in the Wall Street Journal, said Mr. Greenberg and Mr. Cayne will get pay packages of about $15.9 million each for fiscal 1993. They are getting fatter paychecks because Bear Stearns' 1993 earnings surged 23 percent to a record $362.4 million.

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