Paul Greenberg, the head of high-yield research at Bear Stearns and a 10-year veteran of the firm, as well as a multi-year member through 1999 of the Institutional Investor fixed-income All America team in forest and paper products, has announced his retirement, according to a Bear Stearns executive. He says that Greenberg gave his departure date as "mid-July at the latest." While Greenberg did not indicate why he made this choice, he said little about his future plans to his colleague, other than to note "that he would take some time off, and then probably wind up on the buy-side."
Greenberg was not in his office at press time last Friday. Bear Stearns officials did not know who would assume his slot as head of junk research, or when it would be filled. Greenberg reported to Don Mullen, head of global high-yield capital markets. A Bear Stearns spokesman said he had not heard of Greenberg's retirement and would not comment on the matter.