Cayne bids adieu to Bear Stearns at holders meeting

When Bear Stearns Cos. shareholders approved the sale of the company to J.P. Morgan Chase & Co. for $10 a share, former CEO James Cayne took a day off from playing bridge and attended the shareholder meeting, even though he dropped all of this shares in Bear the day after J.P. Morgan sweetened its bid to $10. One has to wonder why he attended, since he is no longer a shareholder. - Maria Woehr

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