While Bear Sterns was going bust Cayne was playing
bridge in Detroit. He's quite an accomplished player and has won several rounds
of the North American Bridge Championships. But he was less good at running
Bear Sterns, with CNBC naming him one of the "worst CEOs of all
time".
Bear Sterns was sold to JP Morgan for $10 a share,
compared with the $133.20 a share it was trading at before the crisis. Cayne,
who had a big stake in the company, lost about $1bn.
Cayne has now disappeared from the corporate public
eye, but it is still possible to play him at bridge online.
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