And not just with regard to Jimmy Cayne going to bridge camp for eight weeks while the two ridiculously named hedge funds bit it. According to Fortune, at every single turn in the saga of BSC, cards are there. Cards are:
How J to the C landed his gig with the place (that he'd ultimately take down by playing cards instead of working) in the first place:
During his 1969 interview with Harold C. Mayer Jr., the son of one of three founders of the firm, he felt there was no chemistry between them. As he got up to leave, Mayer Jr. suggested he say hello to Ace Greenberg, "the man who is going to run this place." Again there seemed to be no connection between the two men, but in an effort to make a little small talk, Greenberg asked Cayne if he had any hobbies. Along with magic and yo-yos, bridge was a serious interest of Greenberg's. "And I said, 'Yes, I play bridge,'" Cayne recalled. "You could see the electric light bulb. He says, 'How well do you play?' I said, 'Mr. Greenberg, if you study bridge the rest of your life, if you play with the best partners and you achieve your potential, you will never play bridge like I play bridge.'"
How Big Daddy Cayne got Joe Lewis to hand over a pile of money to Bear:
Cayne convinced Lewis - a Bahamas-based billionaire commodities investor and Bear Stearns brokerage client - that the firm's stock was a bargain and might be worth a big bet. The two bonded over a shared love of gin rummy. In September 2007, Lewis made the first of several purchases of Bear stock, spending $864 million for a 7% stake. (Lewis bought even more stock and lost around $1 billion when Bear collapsed. "He's an adult, not a whiner," says Cayne of the way Lewis reacted.)
The basis of the Pussy Posse:
Together with Alan "Ace" Greenberg, Laurence Tisch, a self-made billionaire and Cayne's client, and Milton Petrie, the former CEO of Petrie Stores, Cayne played bridge after work at the Regency Whist Club on Manhattan's East Side. Warren Buffett and Malcolm Forbes occasionally played on the same team as those four, and together they called themselves Corporate America's Six Honchos, or "CASH" for short.