This guy is a real winner - known to leave the office by helicopter for 3 half-day golf weekends, to make out of town trips for regular bridge tournaments and light up a humongous joint and toke on the smoke of excess and irresponsibility, albeit he denies the marijuana allegations. Here is a guy who was focused on fun and games, business took a back seat as it just acted as a distraction from getting on with the important job of relaxation and entertainment at the shareholders expense.

Back at the office, Cayne's trusty lieutenants bet the firm on risky home loans inflating their bonus performance so that the snouts in the trough were well fed. After leveraging up two of its mortgage backed funds to the hilt they collapsed in mid-2007. But that was only the beginning. Bear held nearly $40 billion in mortgage bonds that were essentially worthless. In early 2008 Bear was sold to JPMorgan for less than the value of its office building. "I didn't stop it. I didn't rein in the leverage," Cayne later told Fortune. Thanks for the confession Jimmy, hope your handicap is coming down now you have all that time and ill gotten game on your hands - while the rest of us work to make up for your largest and terrible governance and management.