11 Facts About James Cayne

James E "Jimmy" Cayne was an American businessman and CEO of Bear Stearns.

James Cayne attended Purdue University, but left before graduating to join the United States Army.

James Cayne became president in 1985, CEO in 1993, and chairman of the board in 2001.

James Cayne was replaced as CEO only in 2008 and he was with the company until its demise.

James Cayne has been the subject of various press reports since the Bear collapse, including the fact that he sold his stake in the company for $61 million after its crash.

At the time, James Cayne had significant exposure to the company's stock, with most of his net worth tied up in shares of the company.

On March 27,2008, it was announced that James Cayne sold his entire stake in Bear Stearns, over 5.61 million shares, for $10.82 a share.

James Cayne was uncle to hedge fund investor Richard Cayne Perry.

James Cayne had one child from his first marriage, Jennice James Cayne Nienkerk, who has two daughters.

James Cayne died on December 28,2021, at the age of 87, at a hospital in Long Branch, New Jersey, from complications of a stroke.

In March 2002, The New York Daily Sun announced that James Cayne would be contributing a bridge column.