"Too Big to Fail" Vs. "Too Big to Be Responsible"
I believe in the free market economy, but once an entity becomes "too big to fail" it introduces the possibility that government intervention is a justifiable remedy.
I believe in the free market economy, but once an entity becomes "too big to fail" it introduces the possibility that government intervention is a justifiable remedy.
New York Times | Landon Thomas | Posted 06.11.2008 | Business
Call it the curse of Dick Grasso. Eliot Spitzer in 2004, pointing out what he said was evidence that Richard A. Grasso had received excessive compens...
New York Times | Posted 06.07.2008 | Business
Mr. Cayne, on his second to last day as chairman of Bear, presided over the meeting at the firm's auditorium, which was filled with more than 400 empl...
New York Times | Landon Thomas, Jr | Posted 05.15.2008 | Business
After 59 years, Alan C. Greenberg is still trading away at Bear Stearns, the troubled Wall Street bank that is about to disappear. Ask about his retir...
AP | JOE BEL BRUNO | Posted 04.05.2008 | Business
NEW YORK — Bear Stearns Cos. Chairman James Cayne dumped his entire stake in the embattled investment bank for $61 million as it appears closer ...
New York Post | PAUL THARP and ZACHERY KOUWE | Posted 04.01.2008 | Business
From today's New York Post: Anger has reverberated all week throughout the gloomy Madison Avenue offices, where dethroned chief Jimmy Cayne has walke...
ABC News | Russell Goldman | Posted 03.28.2008 | Business
As investment bank Bear Stearns collapsed, and was sold to JPMorgan Chase for a scant $240 million, its chairman James Cayne played bridge at a tourna...
Wall Street Journal | CASSELL BRYAN-LOW, KATE KELLY | Posted 03.28.2008 | Business
British billionaire Joseph Lewis made his fortune gambling on currencies. His recent investment in Bear Stearns Cos. has turned out to be a disastrous...
BusinessWeek Via Yahoo | Ben Levisohn | Posted 03.28.2008 | Business
Joseph Lewis' big bet on Bear Stearns is looking like a big mistake. Since the billionaire investor came on board last September, upping his stake thr...
CNBC | Charles Gasparino | Posted 03.28.2008 | Business
James Cayne has resigned as chief executive officer of Bear Stearns, amid widespread concern over his management of the Wall Street firm that has been...
Wall Street Journal | Kate Kelly | Posted 03.28.2008 | Business
In an acknowledgment of the most-difficult period in Bear Stearns Cos.' 84-year history, Chief Executive Officer James Cayne and other senior executiv...
Ryan Mack | Posted 10.23.2008 | Business