Bear Stearns chairman played cards amid crisis: WSJ

[ensho]

http://www.reuters.com/article/idUSN1649428620080316


Bear Stearns Cos Inc (BSC.N: Quote, Profile, Research) Chairman Jimmy Cayne was playing cards in a tournament late last week while his company's future appeared to be at risk, according a published report.

As the bank hammered out an emergency funding deal on Thursday with the Federal Reserve and JPMorgan Chase (JPM.N: Quote, Profile, Research), which resulted in Bear's shares falling by as much as half, Cayne was playing in the North American Bridge Championship in Detroit, The Wall Street Journal reported on its Web site on Friday.

Cayne, who in January stepped down as Bear Stearns' long-time chief executive, is no stranger to controversy about his hobbies. Last year he was criticized for spending too much time playing bridge and golf while Bear stumbled on wrong-way bets on subprime mortgages.
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[Clear Blue Sky]

1. Poker?

Maybe he was playing high stakes poker trying to shore up his wallet against the upcoming slaughter.

[CountAllVotes]

2. well at least he was not reading

"My Pet Goat" to a bunch of kids! :grr:

:kick: