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Jimmy Cayne
Latest Headlines
Latest Headlines
Ex-Wachovia execs end up in high places
The taint of working at a collapsed firm is just not that a big of a deal in the financial services industry. It's not as if employees of failed banks are somehow toxic and shunned by other banks.
Reuters takes a look at the Wachovia diaspora in the banking industry and notes that "th
Is an outsider the ideal CEO to run Goldman Sachs?
When it comes to running a massive commercial bank, you can't argue with tapping a manager with a lot of consumer banking experience. Brian Moynihan ( Brian Moynihan news) and Jamie Dimon ( Jamie Dimon news) are faring well as CEOs of Bank of America and JPMorgan Chase. Vikram Pandit ( Vikr
Jimmy Cayne vs. Ace Greenberg: Settling scores
Even when they were working alongside each other at Bear Stearns, Jimmy Cayne and Ace Greenberg had an uneasy relationship. Greenberg ( Ace Greenberg news), of course, was one of the Grand Old Men of Wall Street, a revered figure in many ways. Cayne ( Jimmy Cayne news) was the designated hei
Goldman Sachs charity initiative coming
For help with its bonus conundrum, Goldman Sachs ( GS ) may be taking a cue from Bear Stearns. Recall that the firm was quite serious about charitable donations. Ace Greenberg and Jimmy Cayne required employees to give 4 percent of their paychecks to charity. They even checked IRS returns for co
Bear Stearns, the end of the brand
There have been plenty of big names to bite the dust on Wall Street: Shearson, Paine Webber and DLJ, to name a few. The veterans at your firm no doubt remember them well. They'll even add a few names. It looks now like Bear Stearns is about the join that infamous list.
According to the Finan
Life after Bear Stearns
Alan Schwartz took over Bear Stearns once it became clear that Jimmy Cayne--then one of Wall Street's Grand Old Men--could no longer command enough respect to revive the firm. Schwartz's very short tenure was marked by controversy, as he helped engineer a buyout that allowed JPMorgan Chase to buy
What's up with Jimmy Cayne?
CNBC reporter Charles Gasparino offers an interesting account of his recent talk with former Bear Stearns CEO Jimmy Cayne on The Daily Beast . The two had a pretty good relationship it seemed when times were good. No doubt Cayne was a great source, but is there any way to rehabilitate the g
Can John Thain salvage his reputation?
We've noted that John Thain's reputation has done an about face: From the "right man at the right time" at Merrill Lynch to the man who had to leave Bank of America under a cloud. With the Bank of America-Merrill Lynch deal falling apart, Thain has also been embarrassed by news that he spent $1.22
Ace Greenberg sounds off
"There is no more Wall Street." So says none other than Ace Greenberg to Bloomberg . You have to wonder what the 81 year old felt as he watched Bear Stearns, where he spent his career and eventually rose to CEO, implode at the hands of his one-time protege, Jimmy Cayne. Greenberg still ranks as
Jimmy Cayne's near-death experience
It has been a rough road for Jimmy Cayne. He nearly died of sepsis last year, only to recover in time to watch his firm implode, which subjected him to some really tough media coverage. The Wall Street Journal was especially tough, noting his pot-smoking tendencies among other things. Now, Cay
