The Shareholder Forum


The Bear Stearns Companies, Inc.

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Program Reference


For a subsequent report of the meeting and its planned letter requesting JPMorgan comment on the issues relevant to Forum participants, see

For earlier reports defining the issues to be addressed at the meeting, see



Open Meeting

of the

Shareholder Forum for Bear Stearns



Wednesday, May 14, 2008


3:00pm to 5:00pm


New York Society of Security Analysts (“NYSSA”)

1177 Avenue of the Americas, 2nd Floor

(between 45th and 46th Streets)

New York, New York 10022

Photo identification will be required for access to the building


Registration required,* without charge, for up to 30 NYSSA members and participants in the Bear Stearns Forum

Review of Practical Shareholder Alternatives

            In a post-panic re-examination of legal issues and transaction alternatives, the purpose of this meeting is to define practical means by which the necessary transfer of Bear Stearns control might be concluded on terms that are fair to all parties, and that do not set a precedent for allowing crisis-generated suspensions of marketplace rules. 

            Reports of Forum workshops and invited experts will provide a foundation for open discussion, in which all meeting participants may offer views to guide the development of practical alternatives that shareholders might consider – and that a court as well as JPMorgan Chase might find reasonable – before a scheduled May 29 vote on the currently proposed transaction.


Part I: Legal challenges

§    Report of Forum workshop on issues and strategies

§    Report of court-appointed liaison counsel on shareholder class action

§    Participant questions and views

Part II: Alternative transaction terms

§    Report of Forum workshop on potential substitute structures

§    Participant questions and views

Part III: Definition of proposed alternatives

§    Participant views of identified alternatives

§    Participant suggestions of additional alternatives

Invited Experts

[To be determined, in response to Forum participant suggestions of relevant expertise]


Note: As stated in the Forum’s Conditions of Participation, all meeting participants are expected to make independent use of information obtained through the Forum and must respect the Forum privacy rule that participants will not be identified or quoted without their explicit permission.  Additional information is available on the Forum web site.

April 30, 2008


* Address registration requests to:





This Forum program is open, free of charge, to all shareholders of The Bear Stearns Companies, Inc. ("BSC") and to any fiduciaries or professionals concerned with their investment decisions.  Its purpose is to provide shareholders with access to information and a free exchange of views on issues relating to their evaluations of alternatives, addressing issues described in the Forum Summary.

As stated in the posted Conditions of Participation, all Forum participants are expected to make independent use of information obtained through the Forum, subject to the privacy rights of other participants.  It is a Forum rule that participants will not be identified or quoted without their explicit permission.

Inquiries and requests to be included in the Forum's distribution list may be addressed to

The information provided to Forum participants is intended for their private reference, and permission has not been granted for the republishing of any copyrighted material. The material presented on this web site is the responsibility of Gary Lutin, as chairman of the Shareholder Forum.