Search / 33 posts tagged Jimmy Cayne

Suspicion over the collapse of Bear Stearns is centring on a massive options trade, less than two weeks before the historic investment bank went under in March, by which a single investor made a profit of more than $270m (141m) on a bet against the company’s share price.

Photo: Patrick McMullanWe'd like to imagine that William D. Cohan's epic interview with Jimmy Cayne in Fortune today took place in the former Bear Stearns CEO's $27.4 million Plaza apartment. The two have just viewed a pirated copy of Pineapple Express on the big screen, and now Cayne's ready to talk.

Remember the Bear Stearns fiasco? Do you also remember how the U.S. Federal Reserve had to chip in U.S.$30 billion in an effort to save the bank? While the bank's fall was clearly caused by excessive exposure to the suprime mortgage market and other related factors in this current financial crisis,

Remember the Bear Stearns fiasco? Do you also remember how the U.S. Federal Reserve had to chip in U.S.$30 billion in an effort to save the bank? While the bank’s fall was clearly caused by excessive exposure to the suprime mortgage market and other related factors in this current financial crisis,

Bear Stearns, R.I.P. Photo Illustration: Everett Bogue; Photos: Getty Images, Corbis (Cayne), Landov (Schwartz)This morning, heavy of heart and light of pocket, Bear Stearns shareholders will meet at the Bear building in midtown, where they will at last approve acquisition of the firm by JPMorgan.

The Wall Street Journal is in the midst of a trillion-word ongoing series chronicling the downfall of Wall Street firm Bear Stearns earlier this year. Today's installment looks at the rapid compounding of the firm's financial problems, which builds inexorably into a crisis.

The Wall Street Journal is in the midst of a trillion-word ongoing series chronicling the downfall of Wall Street firm Bear Stearns earlier this year. Today's installment looks at the rapid compounding of the firm's financial problems, which builds inexorably into a crisis.

A few interesting comments came back on my post Monday discussing DealBook's Steven Davidoff's outrage at the notion that the big guys at Bear Stearns Cos. were getting off (relatively) freely. The...

A few interesting comments came back on my post Monday discussing DealBook's Steven Davidoff's outrage at the notion that the big guys at Bear Stearns Cos. were getting off (relatively) freely. The comments raise the grab-bag of arguments that often circle this issue.

Steven Davidoff offered up what he describes as a "polemic" on DealBook, excoriating Ace Greenberg, Jimmy Cayne, Alan Schwartz and the Bear Stearns Cos. board for getting out of town with their millions. If the comments are any indication, Davidoff has struck a vein.