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We already know that Jimmy Cayne was (we'll toss in the "allegedly" just to be polite) smoking marijuana, playing bridge, and golfing while Bear Stearns imploded.

But Charlie Gasparino reports that he was also doing something else: "In one of his last acts as CEO of Bear Stearns, James Cayne made a payment of around $2 million to a woman who was poised to file sexual harassment charges against its legendary chairman, Alan "Ace" Greenberg."

Continue reading What else was Jimmy Cayne doing as Bear Stearns imploded?

What else was Jimmy Cayne doing as Bear Stearns imploded? originally appeared on BloggingStocks on Thu, 30 Apr 2009 15:00:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>Ace GreenbergAceGreenbergBear StearnsBearStearnsThu, 30 Apr 2009 15:00:00 EST<![CDATA[Greenberg scoffs at Bear liquidity crunch rumors]]>http://www.bloggingstocks.com/2008/03/10/greenberg-scoffs-at-bear-liquidity-crunch-rumors/http://www.bloggingstocks.com/2008/03/10/greenberg-scoffs-at-bear-liquidity-crunch-rumors/http://www.bloggingstocks.com/2008/03/10/greenberg-scoffs-at-bear-liquidity-crunch-rumors/#commentsFiled under: ,

On CNBC today, Alan "Ace" Greenberg scoffed at the notion that Bear Stearns (NYSE:BSC)was on the brink of a liquidity crisis. But the protestation wasn't enough to stem the fall of the stock price to $62.21, its lowest level since March 2003, according to Bloomberg.

Despite the denial, there were two negative developments: Bear's put options were unusually active on Monday, and the cost to insure Bear's debt against default climbed, according to Dealbook.

"Totally ridiculous" is Greenberg's assessment of the rumors, but someone's betting that it's not.

Greenberg scoffs at Bear liquidity crunch rumors originally appeared on BloggingStocks on Mon, 10 Mar 2008 16:34:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>Ace GreenbergAceGreenbergAlan GreenbergAlanGreenbergBear StearnsBSCinthenewsMon, 10 Mar 2008 16:34:00 EST