FRIDAY MAY 30
Cayne Says He’s Sorry

After lots of annoying bridge jokes, pot jokes, Detroit and Nashville jokes and golfing jokes over the past year (some, admittedly, made by us) longtime Bear Stearns leader, ex-trader and bona fide godfather of Wall Street James Cayne apologized to shareholders. (Not to mention took all the flak of past months like a man.) Bear may fade into history as the biggest casualty of the subprime crisis, but you can’t say it didn’t live and die by the sword with panache. Here, the parting remarks of an inspiring, if introspective, man.

May 2008

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