What $236 million buys: The Bear Stearns buyout

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.
Richard Drew / Associated Press
Copyright © 2018, Los Angeles Times
EDITION: California | U.S. & World