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Big Bear Stearns Losers

by Sean Hackbarth

Bridge deck

Fortune lists eight big losers from the Bear Stearns collapse. The one I have the least sympathy for: former CEO James Cayne. Last year, “it was revealed that he was playing bridge and allegedly smoking pot as two of the firm’s hedge funds imploded.” And last week, while things were cratering in New York Cayne was in Detroit playing bridge.

We’re surprised Bear Stearns fell apart? I’m surprised it didn’t happen sooner.

[picture via Greg McElhatton]

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This entry was posted on Wednesday, March 19th, 2008 at 5:19 pm and is filed under Economics. You can trackback from your own site.

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