Extract from the Wall St Journal; 14 March 2008

 

Where in the World is Jimmy Cayne ?

 

 

Jimmy Cayne, Chairman of Bear Stern was uncontactable when stocks for his company plummeted by 47%.The US 5th largest bank was in deep trouble. He was playing for 8 hours that day in the North American Bridge Championship. He and his partner were placed 26th after the end of the Congress

Perhaps when his shareholders asked ? " what went wrong Jimmy" his reply might have been...

 

"I finessed for the queen of spades the wrong way which gave us a huge loss"!!