Discussion detail

Wikio
Blogs
With Petty Jackass, Senile Old Man Running Bear Stearns, It's A Wonder The Thing Lasted As Long As It Did

4Vote!

With Petty Jackass, Senile Old Man Running Bear Stearns, It's A Wonder The Thing Lasted As Long As It Did

DealBreaker (Free subscription) | 05/07/2008

We thought it was impossible at this point to dig up any more evidence to support the claim that Jimmy Cayne is a dick who cared more about his recreational activities (card playing, drug use, journalism ) than the company he was supposed to be running, but, damn it, it's been done. And in the same NYT article, another notion we once held regarding Wall Street—that it's the type of place that kicks...

1Vote!

Behind Bear Stearns' demise, a royal battle at the top

International Herald Tribune (Free subscription) | 05/06/2008

Alan Greenberg, the former chairman, and James Cayne, the chief executive, are in a feud stoked by Greenberg's claim that Cayne ignored his counsel last summer as Bear was hit by the credit crisis.

1Vote!

Why Does Jimmy Cayne Bother Going Into The Office Anymore

DealBreaker (Free subscription) | 05/08/2008

By far, our favorite part of yesterday's New York Times story on the battle of nitwits at Bear Stearns was the news that chairman Jimmy Cayne was recently required to pay a commission of $77,000 for selling his stake in the bank. The maximum fee charged to Bear Stearns employees is usually $2,500. Who charged Cayne that fee? Alan "Ace" Greenberg, the fabled trader who ran Bear Stearns before Cayne...