James Cayne, CEO for Bear Stearns Rise and Fall, Dies at 87
- In early 2007, he was regarded as one of Wall Street’s stars
- One year later, facing bankruptcy, he had to sell the firm
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James Cayne, the cigar-puffing college dropout who parlayed a stint as a professional bridge player into a job as a bond broker on Wall Street, where he led Bear Stearns Cos. to record profits, then to the brink of collapse, has died. He was 87.
He died on Tuesday at Monmouth Medical Center in Long Branch, New Jersey, days after suffering a stroke, said his wife, Pat.