The Pursuit Of Other Interests
Big Jim calls it quits. Bloomberg (01.08.08):
"Bear Stearns Cos. Chief Executive Officer James 'Jimmy' Cayne plans to resign as the securities firm's shares languish following unprecedented losses from the collapse of the subprime mortgage market, a person with direct knowledge of the matter said." Cayne to Step Down as Bear Stearns CEO, Person SaysDoesn't need any more of this shit, either. Go on, take the money and run, son. On a side note, we hope Bloomberg changes the headline. That "a person" says the guy is going to "step down" is a little vague for our tastes. As highly refined as they are.
Labels: jolly bankers