James Cayne
James Cayne
James E. "Jimmy" Cayneis an American businessman, a former CEO of Bear Stearns. In 2006 he became "the first Wall Street chief to own a company stake worth more than $1 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...
ProfessionBusiness Executive
Date of Birth14 February 1934
achieved conditions decline declining despite equity income issue led market results solid technology trading volatile weakness
We achieved solid results this quarter, despite more volatile market conditions and declining trading volumes, predominantly in the fixed-income markets. Furthermore, weakness in the Nasdaq, particularly technology shares, led to a decline in equity new issue activity.
decline despite due expense fact improvement largely margin net operating profits program realized
Operating profits were up, despite a decline in net revenues, largely due to the fact that expense reductions from our margin improvement program have now been realized and incorporated into our earnings,
asian attribute continued core crisis despite economic far fiscal quarter record results strength year
Despite the Asian economic crisis, we continued to find opportunities in the Far East, ... We attribute the record results for the quarter and the fiscal year to strength in all of the firm's core businesses.