march 2003 bear stearns is selected as one of three senior managers for the 8 5 billion five year capital program new york metropolitan transportation authority 1989 high yield bond department formed 1977 since its founding in 1923 & co inc has become largest financial services institutions united states consistency and success firm evidenced by unbroken record profitability every a result secure foundation been able to attract maintain team outstanding professionals provide highest quality service products clients today with an extensive network international domestic offices approximately 10 500 employees leader investment research analytics expertise both markets including emerging other specialty areas representative office opened tokyo 1987 pioneers equity block trading 1950s first branch chicago founded partnership joseph ainslee robert b harold c mayer at 100 broadway 1940 institutional