Entries tagged "James Cayne"

Fortune offers insight into the rise and fall of Jimmy 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. ...

Cayne apologizes to Bear shareholders

Bear Stearns Cos. chairman James Cayne is finally shouldering some responsibility. He reportedly apologized to employees and shareholders for the fall of Bear Stearns at a shareholder meeting prior to the shareholders' final approval of J.P. Morgan Chase & Co.'s acquisition of Bear Stearns. ...

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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