And what's sad about it is I don't think the people at Bear cared where they were going and what eventually would happen, as long as those advisory fees and points on vigs and trades and hedge positions were coming in, it didn't matter to them and this is why James Cayne, the CEO left with $200 million, he could've gave a rats pitootie. He had surety, he knew he would be bailed out and acted accordingly that sucks.
1
I agree Julie
Submitted by Jabulani Leffall on April 5, 2008 - 09:36.
And what's sad about it is I don't think the people at Bear cared where they were going and what eventually would happen, as long as those advisory fees and points on vigs and trades and hedge positions were coming in, it didn't matter to them and this is why James Cayne, the CEO left with $200 million, he could've gave a rats pitootie. He had surety, he knew he would be bailed out and acted accordingly that sucks.
Jabulani Leffall
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