Bear Stearns president and CEO
Estimated losses: $115.7 million
Schwartz, a congenial and savvy dealmaker, was charged with righting Bear Stearns' ship when he took over from James "Jimmy" Cayne in January. At the time, Bear Stearns' market cap had fallen from its peak of $25 billion to $10 billion - below book value. In recent days, Schwartz has overseen the firm's fire sale to JPMorgan Chase for a mere $240 million.*Estimates based on Schwartz's holdings at the beginning of 2008, when Bear Stearns stock was trading at $88.35.
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