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Jimmy Cayne, who has died aged 87, was chief executive and chairman of Bear Stearns, the New York investment bank whose collapse in March 2008 was an early warning of cataclysm to come; known for ...
Jimmy Cayne is no longer a household name on Wall Street, his fame darkened by the last couple of years as CEO of the ill-fated investment bank Bear Stearns. But Cayne’s story is far more complex.
In 1969, Alan “Ace” Greenberg, who preceded Cayne as the firm’s chief executive, fell hard for Cayne when he learned he was a world-class bridge player. How good was he? Greenberg wondered.
In 1985 Cayne became president of Bear Stearns, the No. 2 job under Greenberg. He added the title of CEO in 1993 but didn’t ascend to the top position until Greenberg relinquished the title of ...
A former scrap-iron salesman, Mr. Cayne joined Bear in 1969 and developed a rapport with its leader, Alan "Ace" Greenberg, also a bridge player, and the pair played regularly at the Regency Whist ...
A few years into his time at Lebenthal, Cayne met former head of Bear, Alan “Ace” Greenberg, who hired him as a broker, where Cayne spent the rest of his career.
Until 2007, Cayne, known as Jimmy, was one of Wall Street’s brightest stars. Bear Stearns, the fifth-biggest U.S. securities firm by market value, had seen its profit surge 40% in fiscal 2006 to ...
Alan "Ace" Greenberg, 80, who preceded Cayne as CEO, is now vice chairman emeritus at the merged firm and gets to keep 40% of any trading commissions he generates.
The former CEO of Bear Stearns, James “Jimmy” Cayne, claims a co-op board at 510 Park Avenue has blocked him from selling his sixth-floor apartment because of personal conflicts between Cayne ...
" (Alan) Ace Greenberg ran Bear Stearns and Jimmy Cayne ran the retail department, that's who I started out with. So, I got my series 7 (license) and went from the equities sales to bond sales and ...
The collapse of Bear Stearns in 2008 was stunning, both for how fast it happened and because Jimmy Cayne, who had led the bank through years of success, was apparently asleep at the wheel.