
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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