James Cayne, CEO for Bear Stearns Rise and Fall, Dies at 87

(Bloomberg) — 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.

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He died on Tuesday at Monmouth Medical Center in Long Branch, New Jersey, days after suffering a stroke, said his wife, Pat.

Until 2007, Cayne, known as Jimmy, was one of Wall Street’s brightest stars. Bear…


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