
Jimmy Cayne lost 88% of his Bear Stearns shares in under 3 months, highlighting risks of concentrated stock holdings.
Jimmy Cayne, who spent 38 years at Bear Stearns and accumulated 5.6 million shares, saw the stock plunge 88% from $88.35 to $10.82 in less than three months during 2008. Despite his deep knowledge as CEO, the rapid collapse of Bear Stearns revealed t...





