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« Fortune Magazine's Jimmy Cayne article | Main | So far this year some of the biggest past hedge fund winners have really sucked wind »

Nothing stands between Jimmy Cayne and his golf game, not even the end of an era at Bear Stearns

Jimmy Cayne didn't waste any time escaping to the golf course after the shareholder meeting where JP Morgan swallowed Bear Stearns. Here's an excerpt from the Fortune Magazine interview with Cayne:

After the final shareholders' meeting in May, Cayne spent his last hours at Bear Stearns chatting with a few loyalists who stopped by his lair to say their goodbyes. He took a call from Jamie Dimon, the CEO of J.P. Morgan Chase, who was checking in from Positano, Italy, to make sure the shareholder vote went off without a hitch. Finally it was time for him to leave his sixth-floor refuge at 383 Madison. But already things had changed. For years on Thursday afternoons, Cayne headed off early to the East 34th Street Heliport for the short $1,700 chopper ride down to the Hollywood Golf Club. But since his retirement in January, some luxuries had to be eschewed. So he put on his suit jacket, grabbed a freshly baked chocolate-chip cookie from his secretary's desk, and headed down to Vanderbilt Avenue. A car and driver were waiting to take him down the Garden State Parkway to Deal and his next round of golf. There would be no helicopter ride this day.

The rise and fall of Jimmy Cayne - Fortune

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