The fire sale of Bear Stearns last week meant a four-alarm wake-up call for company’s 14,000 staff members, many of whom will be spending some time in the unemployment line soon. But a few enterprising employees are creating their own Bear market on eBay, where items branded with the company name are stacking up. So far, more than 40 items have been listed, from t-shirts to teddy bears, cafeteria cards to stock certificates. On one cafeteria card auction, the description includes the forlorn phrase ‘no longer needed, unfortunately.’
Most of the items have bids, although whether it’s due to a collecting frenzy or just trying to help some folks in need, no one can say. Yeah, we’re pretty sure it’s a collecting frenzy, too. At least one seller came with a sense of humor, toting a toy bear with the description, “Do not delay, bail out a Bear today! Money upfront only-no ‘loansies’-we’ve already got into enough trouble with that.“
Another auction featured a Bear Stearns hard hat, a lovely, poetic bit of irony, since it couldn’t protect its owner much from falling stock prices. Although you have to wonder, considering what bears do in the woods, did anyone issue hard hats before that hit the fan?