Topic - James Cayne

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  • Bear Stearns chief steps down

    NEW YORK (AP) — Bear Stearns Cos. said yesterday that co-President and co-Chief Operating Officer Warren Spector has resigned after the meltdown of two hedge funds that invested in risky mortgage-backed securities.

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  • "In light of the recent events concerning [Bear Stearns Asset Management's] High Grade and Enhanced Leverage funds, we have determined to make changes in our leadership structure," Chairman and Chief Executive James Cayne said. "I have every confidence in this team to continue Bear Stearns' 84-year legacy of success and profitable growth."

    Bear Stearns chief steps down →

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