I see that a few of us formers have reviewed this book or the soft cover version. It was just last week that I was told of the book, and as one of the many who received some of the memos I found myself reminded of the important things in business ;) A real person should answer the phone - and before the 2nd ring! Don't waste electricity, paperclips or rubber bands. Don't go nuts purchasing things you don't really need in up times. Two head can purchase equipment at better prices than 1 head. The importance of catching mistakes, owning up to them, and not hiding things in the drawers. You don't have to do something just because others are doing it. You'll find great employees in downtimes. And... how determination is so much more important then some letters after your name (unless you're a DR of course). Great reminders... for all. Thanks for the memories and lessons.

As I was sifting through dust-ridden literature in my library, I came across this legendary book. I too am a former employee of Bear Stearns and remember meeting Mr. Greenberg during my frequent visits to the trading floor.

I enjoyed 'Memos from the Chairman' because it's from the real Alan Greenberg, the legend....

Five stars!!!

Yes, this book is repetitive, but that is what makes it so great. Ace Greenberg repeats the same message over and over again. He emphasizes, cut costs, hire people during the downtimes, forget about strategy development and he does so with humor. The employees at Bear were fortunate to have such clear communication from the top.

Every leader and manager can learn from Ace. He shows you how to communicate with the troops, get your point across and get everybody marching in the same direction.

If you can weather a few cultural references that not be cheered in these days of political correctness, you will be treated to a book full of "ACE" Greenberg's exhortation to keep your eye on the ball. Mr. Greenberg makes his points to the "troops" by focusing on the smallest detail. In one case this is paperclips, and so it goes on from there. Several mythical characters live in Greenberg's memos, and so keep the reader's interest. All this is window dressing for the main point, cut costs, even in good times, and you will keep the wolves at bay when things get soft.

An easy read, but worth the time.