Entries tagged "Cayne"
Former Bear Stearns Cos. CEO James Cayne was apparently close to dying of sepsis triggered by a severe prostate infection in September. Fortune's story on Cayne's collapse and the demise of Bear Stearns uncovers Cayne's perspective on the fall of the company. ...
Kate Kelly wraps up her three-part series on the Bear Stearns Cos. implosion Thursday in The Wall Street Journal. This is the best of the traditional WSJ: It's informative, exciting and gives you a vivid sense of being there, though the art still stinks. It lacks the cheap ad hominem attack-by-anecdote that the Journal occasionally indulges in, like Steve Schwarzman's stone crabs and Kelly's own "scoop" about Jimmy Cayne's toke in the bathroom. It has that compulsive readability that "Barbarians at the Gate" had many years ago. But for all of that, consider a huge caveat about both this series...
In a terse blog post about an appearance on CNBC of Bears Stearns Cos. CEO Alan Schwartz, who pointed fingers at the media and just about everyone else for the bank's collapse, Silicon Alley Insider's Henry Blodget concludes Schwartz (pictured near right) is responsible for the bank's fall from grace, but SAI makes no mention of former chief Jimmy Cayne (pictured far right)....
