by Calculated Risk on 1/07/2008 07:35:00 PM

From the WSJ: Bear CEO Expected to Step Down But Remain in Chairman Post

James Cayne, the chairman and chief executive of Bear Stearns Cos., under fire from shareholders after the Wall Street firm was badly burned by the downturn in the mortgage market, is stepping down as CEO, say people familiar with the matter.

Another CEO bites the dust.