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SECURITIES

<i> Times Staff and Wire Reports</i>

2 More Bear Stearns Execs Resign: Bear Stearns & Co. senior managing directors Jonathan Ilany and Peter M. Drittel resigned, raising to six the number of senior executives who left the firm since May, Bear Stearns employees said. Ilany, 42, who headed the company’s commercial mortgage-backed bond activities, is the fifth member of the board of directors to resign in four months. Drittel was co-head of the firm’s emerging markets activities. The departures have cut especially deep into the firm’s bond expertise. Perrin Long, securities analyst at Brown Bros. Harriman & Co., said, “Maybe they disagreed with the way things are running . . . fixed income didn’t have a very good year in 1994 . . . and there may be some rumblings over the way people were compensated.”


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