Cayne cashes out all Bear Stearns stock
Bear Chairman James Cayne reaped only $61 million; the stock had been worth more than $1 billion just a year ago.
The Bear Stearns Cos. Inc. chairman James Cayne has sold all of his stock in the wake JPMorgan Chase & Co.’s takeover of the company at a fire-sale price, according to a filing with the Securities and Exchange Commission.
Mr. Cayne and his wife sold all of their over 5.6 million in shares in
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