GOOD DAY FOR: Cutting loose, after Bear Stearns Chairman James Cayne and his wife sold their entire stake in the troubled investment bank for $61 million this week. A year ago, their shares were worth more than $1 billion. Cayne started working at Bear Stearns in 1969; he is not expected to join the board of JPMorgan when it formally takes over his bank. (The New York Times, free registration)
BAD DAY FOR: New beginnings, after British Airways had to cancel about a fifth of the flights at its new Terminal 5 in London’s Heathrow airport, in the second day of the terminal’s chaotic opening. The $8.6 billion-terminal, which took 20 years to plan and build, is supposed to ease British Airways’ crowding and baggage-handling complaints. (Bloomberg)
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
