Here is today’s blast from the past: Exactly 5 years ago, in the November 2006 edition of Institutional Investor called Dealer’s Choice:


Hat tip trader Craig Poschmann

Category: Bailouts, Corporate Management, Financial Press

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

7 Responses to “Jimmy Cayne’s Skillful Leadership of Bear Stearns”

  1. flocktard says:

    Best one I remember about the firm is Barron’s cover piece- with quite a long article inside- about how great the potential was for the firm- thanks to the Internet, this embarrassment of a piece is still there:

    “Bear has long defied doubters who say it lacks the firepower to compete against Morgan Stanley, Goldman, Merrill and the major banks. Assuming that it emerges healthy from the current financial tumult, it will have the luxury to decide whether to remain independent. A sale looks like a better bet than it did a few months ago. But either way, shareholders could win.” August 13, 2007

    No evidence that Dick Bove’ wrote it.

  2. bobthehorse says:

    At least we now know the answer to the question. No.

  3. theexpertisin says:

    Some old headshots of the “genius” Corzine should start popping up hence.

  4. BennyProfane says:

    World’s most comfortably retired pothead.

  5. Frwip says:

    At least, they had a question mark on the cover. I guess that counts as outstanding insight in the festering swamp of pus that we call the “business press” …

    In any case, a piece of advise for all CEOs and “leaders” out there and a personal version of the magazine contrarian indicator : if you ever see your face on the front page of glossy magazines with nice words for you, it means your run of good luck is over and it’s time to run for cover.

  6. G Street says:

    …dreaming of a large pepperoni with a side of salt & vinegar chips, no doubt.

  7. philipat says:

    And, as they say, the rest is history……………………………………………………………………..