Thursday, November 1, 2007
During critical days this summer, when two of Bear Stearn's hedge funds were imploding, Bear Stearn's CEO James Cayne was playing golf and bridge. For this he gets paid $34 million (in 2006)? Maybe he should have been consulting with ex-Merrill Lynch CEO Stan O'Neal (who walks away with $170 million) on how to manage risk. WSJ, Bear CEO's Handling Of Crisis Raises Issues.