Anonymous 2

JPMorgan Boosts Bear Bid to $10 - NY Times

One group of shareholders who have not been recognized are the RETIRED employees - many of whom have been 2, 3 and 4 decades long loyal hard working employees - who have over their careers earned and credited with compensation which has been deferred as part of their hard earned retirement funds and income for a period of up to ten years. With only a few exceptions, most all of these retired employees are living on what was a result of many years of loyalty and hard work and they have no responsibility for any of the current problems. Most of these employees are the worker bees of the company and did not retire with big bonuses and 401k plans. When the chose to retire, they included the expected receipt of deferred compensation as an important component of their retirement income.
In many - or most? - instances, a large portion of the deferred compensation is in the form of shares of Bear Stearns - and a relatively small portion from "cash". For a retired employee to not receive his EARNED compensation over a deferred period of time is a hardship which is not deserving of persons who have already EARNED the compensation and should be able to receive the full value (plus money market interest compounding from the date of retirement) of these funds during retirement.
I hope others who are retired employees of Bear Stearns might add their comments.