Thursday, March 27, 2008

"MORAL HAZARD"

The Masters of the Universe really don't face much of a downside if things go belly-up, so what's the deterrent to failure?

Bear Stearns Chairman sells $61.3 million of stock
Thu Mar 27, 2008 5:49pm EDT
NEW YORK (Reuters) - Bear Stearns Cos Inc (BSC.N: Quote, Profile, Research) Chairman James Cayne sold $61.3 million of Bear shares on Tuesday, according to a filing on Thursday.

Cayne and his wife sold 5.66 million shares at $10.84 apiece, the filing said.

No comments: