Alan Schwartz, the CEO that finagled the sale of sinking investment bank Bear Stearns Cos., may have been
invited to stay on at J.P. Morgan & Chase Co. as a vice chairman in the role of a senior dealmaker to advise J.P. Morgan's clients. Schwartz may
not accept the role until the majority of the bank's 14,000 staff know if they still have jobs.
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Schwartz has a background of advising deals and is currently advising software giant Microsoft Corp. on its hostile takeover offer for Yahoo! Inc. Rumors of what might happen to Schwartz first surfaced last month when J.P. Morgan agreed to take over the distressed bank. At the time,
DealBook had suggested Schwartz could become a "dealmaker at large, who can parachute into different situations." Seems the prediction may come true. -
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