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.[citation needed]
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,[citation needed] 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
- Articles with hCards
- No local image but image on Wikidata
- Articles with unsourced statements from August 2010
- Articles with unsourced statements from August 2009
- Australian businesspeople
- Private equity and venture capital investors
- Harvard Business School alumni
- University of Melbourne alumni
- Living people
- Year of birth missing (living people)
- Businesspeople from Melbourne
- Australian expatriates in the United States