Phillip Ean Cohen
| Phillip Cohen | |
|---|---|
| Born |
Phillip Ean Cohen Melbourne, Victoria, Australia |
| Residence | New York City, New York, U.S. |
| Nationality | Australian, American |
| Alma mater |
University of Melbourne Harvard Business School |
| Occupation | Investor, Chairman of Morgan Schiff & Co.[1] |
| Salary | Not disclosed |
| Net worth |
 US$ 500-800 million (2009) |
Phillip Ean Cohen is an Australian private equity investor. He was featured in Rainmaker by Anthony Bianco.
Biography
Cohen grew up in Melbourne, Victoria where he was a determined Australian Rules Football player. He started his career at Kuhn Loeb, and was tagged as a rising star in the Mergers department.[2] After a stint at First Boston, he was recruited by Jeffery Beck to Oppenheimer & Co.'s Corporate advisory department. Cohen was responsible for the group's first eleven transactions, making upwards of $20 million for the department[3] as a 28-year-old partner. Cohen was contributing nearly 60% of the department's revenue, yet his lack of respect to senior management made him ineligible for bonuses.
As a result, Cohen started taking a self-imposed fee on his deals; other Opco employees called these fees "Cohen Commissions".[3] Due to his productivity, Cohen's self-imposed commissions initially went unpunished, however eventually Jeff Beck was forced to fire him.[3] With money from his side dealings, and advice from Ivan Boesky and Michael Milken, Cohen started his own firm, Morgan Schiff & Co., who eventually became the majority and then exclusive shareholder of voting stock for the public company, EZCORP, Inc. headquartered in Austin, TX. As of 2002, he lives in New York.[4]
Quotes
"With his tailored Savile Row suits, Oxford accent, and patronizing manner, Cohen seems like the quintessential Wall Street sophisticate- very polished, very international. In actuality, though, he is Australian, not English, and his diffidence masks an extreme aggressiveness" (BusinessWeek)[5]
References
- ↑ "http://findarticles.com/p/articles/mi_qa3718/is_199907/ai_n8871695/". findarticles.com. Retrieved 2015-03-22. External link in
|title=(help) - ↑ Bianco, A. (1991). Rainmaker: The Saga of Jeff Beck, Wall Street's Mad Dog. Random House Incorporated. ISBN 9780394570235. Retrieved 2015-03-22.
- 1 2 3 Rainmaker, Anthony Bianco, page 148
- ↑ Biodata
- ↑ Rainmaker, Anthony Bianco, 116