As soon as I heard that former Bear Stearns CEO Alan “Ace” Greenberg” had died of cancer at 86 on July 25th, I called my childhood friend — and now world renowned financial guru — Chairman Emeritus of the Chicago Mercantile Exchange (MERC) Leo Melamed. for comments.
“Ace was a very feet-on-the ground kind of guy. He always had a practical answer based on reality — not invention. He was extremely open, friendly, understanding and — to me — a mentsch.”
Alan “Ace” Greenberg // Photo by Karen Leon
A co-honoree with Paul Volker at the October 10, 2002 Builders of Jerusalem Awards Dinner at The Plaza, Greenberg recalled being asked by Jerusalem’s former mayor Teddy Kollek to help fund “a foundation project.” The result: The Esther Greenberg Comprehensive High School and Ted Greenberg Sports Center in Gilo “for all citizens of Israel: Arabs and Jews.”
Introduced with his wife Kathy Greenberg as: The Humanitarian Couple” at the April 21, 2004 Jewish Women’s Foundation of New York Benefit at The Pierre, Mrs. Greenberg, founder of the New York Legal Assistance Group (NYLAG) was adamant about the need to provide [women] with “something money can’t buy and marriage does not guarantee — self esteem.” After accepting the award, “”Ace” Greenberg calmly declared: “In 1984 I was knighted by the Queen of Denmark. Now you are going to see a very quiet knight.” He said nothing more and then sat down!
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