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June 28th, 2007

Like a bat out of hell — Bear exec’s cultural musings

Posted by: Dan Wilchins
Tags: Uncategorized

Mr. LoafWhile hedge funds were collapsing around him, Rich Marin, head of the asset management unit at Bear Stearns Cos. stole a few moments to see a movie and blog about it, the New York Times reported on Thursday.

Two Bear Stearns-managed hedge funds lost big money in April, and in June, Bear bailed one of them out and decided to let the other fail. Over the weekend of June 17, while Bear Stearns executives were scrambling to save the funds, Marin took a few hours off to watch the new Kevin Costner thriller “Mr. Brooks,” the New York Times reported, and later wrote about it in his blog, Whim of Iron.

You’ll have to take the Times’ word for it–the blog is “gone, gone, gone” from the public Web and can now only be seen by people who receive a special invitation by Marin. But his blogging profile is still public. Like most blogger profiles, it includes a Q&A section, which opens with this gem:

Your people want to make a statue in your honor. What will it be made out of and what victory will it commemorate? Motorcycle Parts…..the victory of uniqueness triumphing over boredom

Marin may view himself as an original, but his taste in music and books is anything but–he likes to rock out to Billy Joel and Meatloaf, and among his favorite books is the Da Vinci Code.   

Photo of Meatloaf courtesy of Rockyarchive.com

One comment so far

See a movie; blog about it? No doubt Rich will soon be starring in his own flic — Perhaps Scooter Libbey in an upcoming remake of WALL STREET.

Will all his financial enginering come to naught?

Will Wall Street find its next fall guy?

Will Rich harness the “force” to fend off the barbarians at the gate.

Stay tuned

- Posted by Bakunin

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