Extract from the Wall St Journal; 14 March 2008
| Where in the World is Jimmy Cayne ? | ![]() |
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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"!!
