Bear Stearns chairman, James Cayne, has sold his entire stake in the bank for $61 million (£31 million).Following the news, Bear’s share price was down by about 5%. According to analysts, Mr Cayne offloading all his shares is an indication that investors cannot expect a higher price for their stake. Bear Stearns is the most [...]
Bear Stearns chairman sells stake for $61 million
