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Please Say Charlie Gasparino Is Drunk And Making Shit Up, Please Say Charlie Gasparino Is Drunk And Making Shit Up

CNBC reports that Bear Stearns's board has been holding informal meetings in the 383 Madison Ave. 14th floor men's room to discuss replacing BSC CEO Jimmy Cayne. None of us here understand why something like this would happen! and therefore choose to believe it's not true. We're not going to add another thing to this smear campaign until Englewood Cliff's produces a body. We're just going to lay down on the floor of the DB HQs, get into the fetal position and light up. And maybe cry, though that doesn't have anything to do with this post, it has to do with Britney Spears's 16 year-old sister being pregnant. So in a sense, I guess you could say, yeah, it does have to do with this post.

Bear Stearns Looking for Cayne Successor [CNBC]


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Comments

Gasparino could NOT have said that as he's been busy fellating Ben Stein for the last 2 hours.

Dudes - this is like the biggest blow to stoners everywhere since Jerry Garcia died.
(But honestly, what self-respecting board could have left in place for this long?)

Gasparino uses approximately 2% of his brain.

No way Chuck's drinking at 9am. He's not Irish

BSC = Britney Spears's Company

"Insiders report Cayne opened a small gift-wrapped box and discovered it contained a single, knitted sock."

A joke with the set up and punchline in one sentence:

"Two Irishmen walk out of a bar."

"According to the Journal, Bear Stearns just barely met a return-on-equity standard mandated by the current executive compensation plan."

That's why that last round of layoffs happened two days earlier than they were originally scheduled (Wed the 28th instead of Friday the 30th, since BSC believes in adding insult to injury in its termination practices.)

(Seriously: BSC had a RETURN on Equity? Is that before or after the capital infusion?)