Original Article on Gawker

Here, an excerpt from WSJ reporter Kate Kelly's soon-to-be-released book on the fall of Bear Stearns, in which she relates how former Bear CEO Jimmy Cayne (who recently called her a "cunt") smokes mad weed: Cayne was outed as a weedhead by the WSJ a couple years back, which you might think is kind of a cool thing for a Wall Street CEO, except for the fact that Cayne liked to knock off from work for long stretches while his entire firm was collapsing into dust, which is just typical stoner behavior. He liked to play bridge and smoke spliffs for ten days, for example, rather than go to work at Bear Stearns. Which was probably more fun, but still: the whole "firm collapsing" thing. Not good. But Cayne had another habit that would soon cause th...(read more)