What $236 million buys: The Bear Stearns buyout

<b>Value judgment: Bear Stearns vs. Howard Stern</b><br>
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<b>More valuable: Howard Stern, whose satellite radio contract was worth more than $500 million</b><br>
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<b>JPMorgan Chase's takeover of Bear Stearns, announced Sunday, gave the investment bank a value of just $236 million</b><br>
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In October 2004, Stern signed a five-year, $500-million contract with Sirius Satellite Radio, which the company described as an "epic agreement." Stern was later awarded an additional $83 million bonus from the company.

( Richard Drew / Associated Press / January 9, 2006 )

Value judgment: Bear Stearns vs. Howard Stern

More valuable: Howard Stern, whose satellite radio contract was worth more than $500 million

JPMorgan Chase's takeover of Bear Stearns, announced Sunday, gave the investment bank a value of just $236 million

In October 2004, Stern signed a five-year, $500-million contract with Sirius Satellite Radio, which the company described as an "epic agreement." Stern was later awarded an additional $83 million bonus from the company.

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