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James Cayne V Stan Oneal

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by Matt Cooper
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Oct 29 2007 12:00am EDT

James Cayne v. Stan O'Neal

If Stan O'Neal is out at Merrill, doesn't that offer some comfort to the likes of Warren Spector. Merrill is a case of the guy at the top taking the fall. At Bear, it seemed like the number 3, Warren Spector, took the hit instead of James Cayne. Where's the fairness in that? Poor Cayne has been hospitalized this month so I don't want to rip into a sick guy, but it's fairly amazing that he's held on to his job but then again so has Angelo Mozilo. The guy at the top ought to take the fall when things go so wrong.

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