Who’s next? Paddy Power, the Irish gambling site, has decided to tap
the wisdom of crowds and set odds on who the next C.E.O. casualty will
At the top of the site’s list, odds-wise, is Bear Stearns‘
James E. Cayne. Paddy Power is quoting 13-8 odds on a bet that he will
be ousted by June 30, 2008. The odds, better than 2-1, represent a
relatively high expectation that he will soon be out of a job. That
probably reflects some serious setbacks at Bear Stearns under his
watch, including the collapse of two internal hedge funds this summer.