About
👋👋👋 I’m Kait the CEO and Founder of BRIJ! My friends call me the queen of Omnichannel…
Articles by Kait
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🌱It's Spring and QR Codes are in the Air 🌱
🌱It's Spring and QR Codes are in the Air 🌱
By Kait Stephens
Contributions
Activity
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Kait Stephens and Zack Morrison are building an amazing team Brij combining incredible tech and the customer obsession it takes to succeed. Join…
Kait Stephens and Zack Morrison are building an amazing team Brij combining incredible tech and the customer obsession it takes to succeed. Join…
Liked by Kait Stephens
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A company I’m keeping my eye on with a MASSIVE move to Shopify early this summer? Skullcandy Inc. They did a full redesign through Shopify in just 3…
A company I’m keeping my eye on with a MASSIVE move to Shopify early this summer? Skullcandy Inc. They did a full redesign through Shopify in just 3…
Liked by Kait Stephens
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🩹🩹 RIPS SOCIAL MEDIA BANDAID 🩹🩹We filed for bankruptcy protection for Sampler in June. I didn’t realize it was possible to be this sad and this…
🩹🩹 RIPS SOCIAL MEDIA BANDAID 🩹🩹We filed for bankruptcy protection for Sampler in June. I didn’t realize it was possible to be this sad and this…
Liked by Kait Stephens
Experience
Education
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Activities and Societies: VP of Member Service for the Georgetown University Alumni & Student Federal Credit Union, the largest student run financial institution in the nation | Beta Gamma Sigma International Honor Society | Financial Management Association National Honor Society | Co-author of paper published in Journal for Applied Finance, “The Advantage of Failing First: Bear Stearns v. Lehman Brothers”
Volunteer Experience
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Co-Founder
Hark Society
- 5 years 8 months
Education
Founded nonprofit with mission of providing out-of-school activities to children in underserved communities. Volunteer opportunities are geared toward young professional volunteers. Raised over $300K for programming including Financial Literacy curriculum, Passion Project scholarships, and skills-based mentoring and career program.
Publications
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The Advantage of Failing First: Bear Stearns v. Lehman Brothers
Journal for Applied Finance
The collapse of the housing market coupled with the largest government intervention in the economy in US history led to a radical reorganization of the investment banking industry in 2008 culminating in the failure of two major US investment banks: Lehman Brothers and Bear Stearns. This paper examines why Lehman Brothers was forced into bankruptcy, while Bear Stearns received a government bailout. An analysis of market factors and the financial strength of these two firms and their peer group…
The collapse of the housing market coupled with the largest government intervention in the economy in US history led to a radical reorganization of the investment banking industry in 2008 culminating in the failure of two major US investment banks: Lehman Brothers and Bear Stearns. This paper examines why Lehman Brothers was forced into bankruptcy, while Bear Stearns received a government bailout. An analysis of market factors and the financial strength of these two firms and their peer group demonstrates that the problems these banks faced were shared throughout the industry, despite the different fates of the five major standalone investment banks. This paper finds the different treatments of Lehman compared to Bear Stearns by both the government and capital markets were not justified given the financial conditions of the companies. Both investment banks were very similar in terms of financial strength, and Bear Stearns was arguably in worse condition. The US government made efforts to broker a solution on behalf of Lehman Brothers, but ultimately chose to allow the firm to fail in order to prevent the spread of moral hazard. Thus, Lehman’s failure was caused more by unfortunate timing and the government’s desire to discourage moral hazard than by its financial characteristics. Ultimately, it seems Lehman’s failure cannot be entirely explained by the firm’s own assets or poor decisions, but rather Bear Stearns’ advantage of being the first to fail and the government’s subsequent decision to prevent the spread of moral hazard.
Honors & Awards
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Innovation Prize
PIMCO Executive Office
Recipient of award from a global, company-wide competition for innovative business ideas; Proposed innovative idea was a PIMCO Alts Impact Fund which would leverage PIMCO’s existing ESG resources, foundation, and underwriting capabilities to achieve a social or environmental benefit while also providing a market return. Led early product feasibility and pre-launch.
More activity by Kait
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Founders - it’s okay to take time off. Seriously, no one, not even my co-founder, Zack Morrison, or our investors, could ever push me as much as I…
Founders - it’s okay to take time off. Seriously, no one, not even my co-founder, Zack Morrison, or our investors, could ever push me as much as I…
Shared by Kait Stephens
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🔊 CX / CS ROLE CALL! Connect with others in the comments! Last time we did one of these posts, we rallied nearly 100 CX Passionate individuals who…
🔊 CX / CS ROLE CALL! Connect with others in the comments! Last time we did one of these posts, we rallied nearly 100 CX Passionate individuals who…
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