On August 1, 2007 Jimmy Cayne fired Warren Spector. This was the same year he left Bear Stearns, just before the firm was sold to JPMorgan Chase for $2 a share during the 2008 financial crisis. He joined the Mortgage Department of Bear Stearns in 1983 when its revenues were under $1 million per annum and grew that business to $2 billion. Previous to Warren's current city of Palm Beach, FL, Warren Spector lived in New York NY and Manhattan NY. Spector and his wife, actress Margaret Whitton, bought the townhouse from the school for $33 million in 2007. "Bridge is a game of drawing conclusions from incomplete information. The home boasts 18 rooms and 5,690 approximate feet of outdoor space. What doesn't happen is as important as what does," he says. The crisis in the credit markets has claimed a victim: Warren J. Spector, a co-president at Bear Stearns and a 24-year veteran of the organization. Prior to joining Balbec Capital, Warren Spector was President and co-Chief Operating Officer of the Bear Stearns Companies, Inc. from 2001 to 2007. AP Spector was forced out of Bear Stearns in 2007, after two of the firm's internal hedge funds collapsed. Uptown, Milbank did the same with 14 and 16 E. 67th St., where he built a 48-foot-wide home, which broke the New York City townhouse record this year when hedge fund magnate John Griffin bought it from financier Philip Falcone for $77 million. I later became an editor at amNewYork, New York City’s daily commuter newspaper. My interest in real estate was first inspired by my grandfather, who built and rented out houses on the east end of Long Island. Warren Spector denies that his talent at bridge had anything to do with his ascension to the No. After growing up in Queens and attending a performing arts high school on the Upper West Side of Manhattan, I started my journalism career as a political reporter in Albany, New York. William Michaelcheck, a … Luxury amenities include a dining room with space for 25 guests, a movie theater with seating for 15, and a third-floor gym with a terrace. Spector … Sometimes Warren goes by various nickname including Warren J Spector. I now cover the tri-state area market, along with business, finance, tech and other trending topics, from the quiet of the woods north of the five boroughs. On January 2008, Cayne resigned as CEO probably within days of a coup d'etat that was percolating throughout the firm's corridors. However, Whitton, predominantly known for her role in the 1989 baseball comedy “Major League,” passed away from cancer in 2016. To build his downtown manse, Milbank bought 13 W. 10th St., along with the vacant lot at 11 W. 10th, and commissioned architect Ernest Flagg to create a 54 1/2-foot-wide, 16,650-square-foot single-family home. The others remain.) 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In 1987, the Chevy Chase, Md., native headed the mortgage derivative trading unit as that area exploded, growing the business from 10 traders to a staff of 300 today. Among his responsibilities: overseeing the hedge funds that eventually blew up. (Or they were: Spector has now left in a management shake-up. Bear Stearns had a banner 2006: $9.2 billion in revenue, and it had made $2.05 billion of net income, the first time that milestone … He quit the game seven years before he landed his first job at the firm, whose chairman, Alan "Ace" Greenberg, is a bridge devotee. Mr. Spector extended his reach to other fixed-income areas, taking on the government bond department in 1992. Warren Spector, the former co-president of Bear Stearns Cos., will help students pay tuition for a “unique and intense education” at St. John’s College -- to the tune of $25 million. (212) 210-0100. Has The U.K. Property Market Hit Its Ceiling? New York, NY 10017 Warren J. Spector is Member, Executive Leadership Team at UJA-Federation of New York. This was the same year he left Bear Stearns… In a gesture that honors his late wife, Spector will reportedly donate the proceeds from the sale to charity. Bear Stearns’ President Warren Spector is set to get a windfall of more than $160 million from the New York investment bank. Chuck Ramsey, who was in charge of the company's fledgling mortgage bond desk, had just completed a big trade. Ex-Bear Stearns Executive Warren Spector Lists Townhouse for $59.5 Million [WSJ] Next Up In Homes For Sale. View Warren J. Spector’s professional profile on Relationship Science, the database of decision makers.