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July 25, 2008 11:29:06 PM CDT

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Stories related to: James Cayne

Stories

5 Stories

  • May 2008

    • Shareholders Rubber-Stamp Bear Selloff

      newser  |  Wall Street Journal  |  May 29, 08 12:21 PM CDT

      Shareholders Rubber-Stamp Bear Selloff

      The buyout of Bear Stearns neared finality today with 84% of shareholders voting in favor of acquisition by JPMorgan Chase, the Wall Street Journal reports. Chairman James Cayne shared his feelings publicly with shareholders about the bank’s demise for the first time: "I personally apologize,” he stated, "I'm sorry. Words can't describe the feelings that I feel." More »

      Tags

      credit crisis  • Bear Stearns  • JPMorgan Chase  • shareholders  • liquidity  • investment bank  • James Cayne

  • March 2008

    • Bear Stearns Chairman Sells $1B Stake for $61M

      newser  |  Wall Street Journal  |  Mar 28, 08 6:47 AM CDT

      Bear Stearns Chairman Sells $1B Stake for $61M

      Bear Stearns Chairman Jimmy Cayne yesterday became the poster boy for the company’s fall from grace, selling his one-time $1 billion stake in the investment bank for a mere $61.3 million, reports the Wall Street Journal. Cayne sold 5.7 million shares he’d acquired for $10.84 each, a far cry from the $159 they were worth last April. More »

      Tags

      Bear Stearns  • JPMorgan Chase  • market  • James Dimon  • James Cayne

  • January 2008

    • Bear Stearns CEO Will Step Down

      newser  |  Wall Street Journal  |  Jan 8, 08 7:11 AM CST

      Bear Stearns CEO Will Step Down

      Add Bear Sterns CEO Jimmy Cayne's to the list of rolling heads in the subprime mortgage market collapse, reports the Wall Street Journal . Cayne, 73, has been the target of board and shareholder angst over the 53% drop in the bank’s stock last year—the largest of any of the big securities firms. He began informing directors yesterday of his decision. More »

      Tags

      subprime mortgages  • Bear Stearns  • James Cayne

  • December 2007

    • No Bonus for Bear Stearns Execs

      newser  |  Wall Street Journal  |  Dec 19, 07 7:41 AM CST

      No Bonus for Bear Stearns Execs

      Bear Stearns’ CEO and other top executives, poised to announce the company’s first quarterly loss in its 84-year history tomorrow, are expected to bypass millions of dollars in annual bonuses, an acknowledgment of the dismal year the firm had, driven down by the collapse of the subprime mortgage market and two internal hedge funds, the Wall Street Journal reports. More »

      Tags

      Bear Stearns  • earnings reports  • James Cayne

  • August 2007

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