Hints and tips:
...Jimmy Cayne, Bear’s chief executive, thought Mr Tang had the hungry, determined quality of people who thrived at Bear. Mr Tang may have lacked a pedigree, but he knew how to find someone who did....
...As Robert Merton explained, the equity of an LLC “can be valued as a call option on its assets, with a strike price equal to the value of its liabilities”....
...wonders, for example, if there was not more he could have done to retain talents such as the Bear Stearns bankers who pioneered leveraged buy-outs at Bear and went on to establish the mighty Kohlberg Kravis Roberts...
...Gasparino concedes that he certainly felt less inhibited about chasing negative stories on Bear Stearns when, following his disclosure that Jimmy Cayne was likely to lose his job, Cayne refused to deal...
...After reading the [Forbes] piece on Jimmy Cayne, you get the impression of Cayne as a vindictive, ungrateful, out-of-touch executive who’s more willing to lay the blame for Bear’s demise at the feet of Goldman...
...Non-executive chairman Jimmy Cayne continued to play in a bridge tournament. Federer is usually the picture of Swiss calm and precision on court but not when matches go down to that tense fifth set....
...The man leading the inquiry is Robert Fiske, a Wall Street lawyer and federal former prosecutor with a long track record....
International Edition