I think I saw an article that claimed that Jimmy Cayne, then BSC's CEO orchestrated the solution to their first Hedge Fund liquidity debacle from a golf course. Instead of firing the guy, they made him Chairman. So what happens when the company is about to go under and the feds call a meeting? According to the WSJ, he calls in from a bridge tournament in Detroit. A man of high character. How can his employee's have any faith in a man that shows such a sense of careless entitlement? What a poor example.
I think Cayne is BSC largest shareholder.....worked his way to the top.....used to be in some other business as salesman, steel I think.... SteveD