BUSINESS
03/28/2008 02:45 am ET Updated May 25, 2011

Bear Sterns CEO Unreachable Playing Golf, Bridge While Hedge Fund Collapse Sparked Credit Crisis

Bear Stearns CEO James Cayne was playing bridge and golf and was often out of touch from his embattled Wall Street firm this past summer while its hedge funds collapsed and helped to spark a credit crisis in global financial markets, according to a published report.

The Wall Street Journal reports that during what it described as 10 critical days of the crisis in July, Cayne was playing in a bridge tournament in Nashville, Tenn., without a cell phone or an email device.

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