Talk:James Cayne/Archives/2013

"exercised"
The word seems to be a mistake. One might exercise an option, not a share. —Preceding unsigned comment added by 87.194.4.21 (talk) 09:38, 19 March 2008 (UTC)

Bridge
It is not clear how many tournaments there were, one or two. —Preceding unsigned comment added by 87.194.4.21 (talk) 09:53, 19 March 2008 (UTC)
 * Our current source (quoted below) features one two day 2008-08-14/15 tournament. It alludes generally to "hitting the bridge circuit" in 2007. ... -P64


 * There is no clear reference for the second tournament, that of 2008. —Preceding unsigned comment added by 81.149.223.218 (talk) 16:21, 19 March 2008 (UTC)
 * There is now clear evidence of the 2008 bridge tournament. —Preceding unsigned comment added by 217.41.51.240 (talk) 10:13, 21 March 2008 (UTC)


 * According to our currently referenced source for the paragraph, Kate Kelly WSJ 2008-03-14:
 * (quote) ''Last year, when he was still chief executive of Bear Stearns Cos., James Cayne took heat for hitting the bridge circuit during troubled times for his firm. ... [no details]
 * ''... Thursday and today, as Bear fought off a pending cash crisis that threatened to ruin its business, Mr. Cayne – who relinquished his CEO title in January and become the firm’s non-executive chairman – has been in Detroit, playing in the North American Bridge Championship.
 * '' ... In the “Imp Pairs” event Thursday, Mr. Cayne and a partner placed fourth out of 130, according to figures from the American Contract Bridge League web site. (Bear shares fell 7%.) The playing took place between about 1 p.m. and 5 p.m. in the afternoon and 7:30 to 11 p.m. in the evening, say insiders ...
 * ''SUNDAY UPDATE: After finishing at No. 26 in the Imp Pairs event Friday, Mr. Cayne returned east. ...


 * "placed fourth" is a reporting error. Cayne and partner ranked fourth after Thursday first-day play in a two-day tournament ("event") now called the Lebhar IMP Pairs). They placed 26th over two days, Thu and Fri, four sessions evidently played about 13:00–16:30 and 19:30–23:00.


 * The 10-day "tournament" of July 2007 is a 10-day meet comprising numerous one- to seven-day competitions ("events") that are tournaments strictly speaking. Relying on [ref name=kelly2007] for concrete facts I have expanded our account and for clarity I have introduced the terms convention, competition, and episode in place of tournament and event, and event in the ordinary general sense.
 * As I depart, the word "event" does not appear and "tournament" appears only in the parenthetical explanation the 'convention ("tournament")'
 * --P64 (talk) 01:27, 29 January 2013 (UTC)

Golf
Golf is also mentioned by the Wall Street Journal. —Preceding unsigned comment added by 81.149.223.218 (talk) 13:43, 20 May 2008 (UTC)
 * Jimmy's golf in business hours should be mentioned in the article. —Preceding unsigned comment added by 81.139.112.229 (talk) 13:28, 11 May 2010 (UTC)
 * His golf also contributed to the world-wide credit crisis, still continuing, in some degree. —Preceding unsigned comment added by 81.139.112.229 (talk) 13:54, 11 May 2010 (UTC)


 * Now I have mentioned 'golf' per [ref name=kelly2007] re Cayne's habitual practice in July 2007. --P64 (talk) 01:27, 29 January 2013 (UTC)

Needs editing
I think once would be enough to say that Jimmy sold his stake in Bear Stearns for $61m. It's repeated and repeated. —Preceding unsigned comment added by I.Katie (talk • contribs) 08:02, 3 June 2008 (UTC)
 * I agree, that there is some repetition. —Preceding unsigned comment added by 86.177.254.83 (talk) 14:20, 10 May 2010 (UTC)


 * Now we say $61M once in the lead, presumably selected as a highlight of the biography, and once in section 1, evidently as the highlight of "various press reports" some of which are described. In the details we say 5.61M share @ $10.82.
 * We also say "losing about one billion" in the lead and report under Personal life 2005 "net worth of $900M" and 2008 "lost nearly 95% of his fortune".
 * (not resolved) --P64 (talk) 01:27, 29 January 2013 (UTC)

James Cayne [tirade vs Timothy Geithner]

 * formerly "Jimmy Cayne On a Flipping Out On Treasury Secretary Geithner? -P64

Here is the link http://blogs.wsj.com/deals/2009/03/04/bear-stearns-jimmy-caynes-profane-tirade-against-treasurys-geithner/ Not sure if it should be in the actual wiki page of james but its deff a talking point. ChesterTheWorm (talk) 05:16, 5 March 2009 (UTC) ChesterTheWorm


 * Geithner was President of the New York Fed at the time, not US Secretary Treasury. Our biography says, "In March 2008, he arranged the rescue and sale of Bear Stearns.[16][26]"


 * One thing that would be needed here is some explanation of the "discount window" that was opened.


 * Another thing needed here would be observation that Wall Street execs outside Bear Stearns:
 * (quote this new source)
 * ''Wall Street executives immediately appreciated the import of the Fed’s decision. “This is a five-vodka event,” one said. “Liquidity is no longer an issue.”
 * ''But, by and large, the Bear Stearns executives were furious. They had been lobbying the Fed for months to take this very action.
 * (end quote)


 * I will add that source to External links but cannot do more. As a first trivial step, I have added the banner WP Business above. --that may eventually yield an expert editor ...
 * --P64 (talk) 01:27, 29 January 2013 (UTC)
 * Done at James Cayne. --P64 (talk) 21:08, 29 January 2013 (UTC)

Cayne smoking marijuana
I came to the Wikipedia Cayne bio page to read up on the details of the marijuana smoking allegations, but amazingly there isn't even a mention of it. This bio of Cayne is severely lacking. Makes one wonder what else is missing. — Preceding unsigned comment added by 86.144.67.127 (talk) 00:57, 27 June 2011 (UTC)


 * Since such information is controversial and possibly very damaging (especially for a high-level business leader) Wikipedia's requrements for reliable sources are particularly rigorous. See also WP:BLP. That may be the reason why you see nothing about this in the article. __meco (talk) 14:23, 14 September 2011 (UTC)


 * It was taken out on 20/6/2011 by Mckyj57, although it was fully sourced. — Preceding unsigned comment added by 86.167.108.56 (talk) 13:47, 14 April 2012 (UTC)


 * The current section Drug use dates from 2012-05-27 (User:Malick78).
 * I have clarified the scope of Malick78's source, about the financial industry reputation, and added [ref name=kelly2007] that cites the contract bridge world.
 * --P64 (talk) 01:27, 29 January 2013 (UTC)


 * I've added to this section allegations of cocaine use, based on this apparently reliable source: Robofish (talk) 20:30, 15 April 2013 (UTC)