10 of 10
Bear's implosion
Bear's implosion
Cayne, photographed at his house in New Jersey, has investments in several hedge funds, including King Street Capital, Perry Capital, and Viking Global.
"That was a period of not seeing the light at the end of the tunnel. It was not knowing what to do. It's not being able to make a definitive decision one way or the other because I just couldn't tell you what was going to happen."

By the summer of 2007, Jimmy Cayne was out of his element. He was ill equipped to prevent the firm's toxic assets - exacerbated by the collapse of two highly leveraged mortgage-related hedge funds - from poisoning the company's balance sheet.

More galleries
Last updated August 04 2008: 10:37 AM ET
Full story: Cayne's rise and fall Last summer he was worth $1.6 billion on paper. Then he nearly died and Bear Stearns collapsed. (more)
The cases against Bear StearnsA field spotters' guide to the litigation that followed the collapse of the 85-year-old firm. (more)
Cayne was at a loss All his usual instincts eluded him during the crisis preceding the firm's collapse. (more)video

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.