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Dude, you're losing the Bear Stearns gig

Posted by Fired Fred on November 1, 2007 4:51 PM
Finally, a CEO may be on the way out of his job for a totally awesome reason. They think he was toking up in Memphis three years ago.

That seems awfully harsh, but Jimmy Cayne has made plenty of people feel really down about stuff like massive hedge funds collapsing...
Cayne has been criticized for spending too much time playing bridge and golf while Bear stumbled this summer on wrong-way bets on subprime mortgages. Two Bear-run hedge funds collapsed, a crisis that unfolded as Cayne, a world-class bridge player, competed in a tournament in Nashville.
That's going to make the next job interview for Joint Jammin' Jimmy pretty uncool. "So why did you leave your last job?" "Dude, they totally harshed me for partaking, brah, can you believe it?"

Yeah, brah, I can believe it. Totally.

Image courtesy Reuters
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Anthony

The better point is that Cayne has been shooting 18 with Maury Povich. I doubt the two of them are hashing out a business deal, though they would make a great TV special together:
http://www.starkmanassociates.com/index.php/2007/11/05/bear-stearns-jimmy-cayne/

Posted on: November 5, 2007 3:09 PM

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