James Cayne (1934-2021) *87
This memorial website was created in memory of James Cayne, 87, born on February 14, 1934 and passed away on December 28, 2021.
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was an American businessman, and CEO of Bear Stearns. In 2006, he became "the first Wall Street chief to own a company stake worth more than billion", but he lost most of that in the 2007–2008 collapse of Bear Stearns' stock and sold his entire stake in the company for $61 million. Cayne was born and raised in Evanston, Illinois.[citation needed] His father was a patent attorney. Cayne attended Purdue University, but he left before graduating to join the United States Army. Cayne was a member of Kappa Beta Phi.
His first job was as a traveling salesman; he then sold scrap iron and municipal bonds. In 1969 he was playing bridge full-time in New York City when Alan C. Greenberg, then a relative novice at the bridge table, hired him as a stockbroker at Bear Stearns. Cayne became president in 1985, CEO in 1993, and chairman of the board (while continuing as CEO) in 2001. He was replaced as CEO only in 2008 and he was with the company until its demise.
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This page was created on 2021-12-31T00:00:00
Last changed on 2021-12-29T13:53:00
Created by: Milka and maintained by: Sysoon.
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