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Posts Tagged ‘Jimmy Cayne ego’

Ace Greenberg on Jimmy Cayne: “Dope-Smoking Megalomaniac”

Posted by Larry Doyle on June 22nd, 2010 4:22 PM |

Having worked at Bear Stearns for seven years, I have a keen interest in the behind the scenes stories and personalities leading to the ultimate demise of this once proud firm.

Last summer, I reviewed William Cohan’s book, House of Cards, which details Bear’s demise. In my commentary, I wrote the following about Jimmy Cayne:

Longstanding CEO Jimmy Cayne displays a hardened, street-smart approach throughout the book. At times of stress, however, Cayne showed himself to be a classless individual. I remember this well.

My description of Cayne was more than gracious compared to that provided by former Bear CEO Alan “Ace” Greenberg in his recently released book, The Rise and Fall of Bear Stearns.>>>>> (more…)

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