Investment-firm chief Alexandra Lebenthal brought her 11-year-old son to visit Bear a few years back. She says she introduced him to Mr. Cayne, who pulled her aside and said, "That kid's got a rotten handshake. He's going nowhere in life."
Attendees say Mr. Cayne has sometimes smoked marijuana at the end of the day during bridge tournaments. He also has used pot in more private settings, according to people who say they witnessed him doing so or participated with him.
At a time when the culture of finance is such that young associates are too uptight to grow facial hair for cancer, a 73-year-old pothead seems like something the Street can't afford to lose. To paraphrase Geri Halliwell, our head says Jimmy Cayne must go, but our heart wants him to stay!