Phillip Cohen | |
---|---|
Born | Phillip Ean Cohen Melbourne, Victoria, Australia |
Nationality | Australian, American |
Alma mater | University of Melbourne Harvard Business School |
Occupation | Investor, Chairman of Morgan Schiff & Co. [1] |
Phillip Ean Cohen is an Australian private equity investor. He was featured in Rainmaker by Anthony Bianco.
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 City. [4]
"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]
Geoffrey Arnold Beck is an English rock guitarist. He is one of the three noted guitarists to have played with the Yardbirds. Beck also formed the Jeff Beck Group and with Tim Bogert and Carmine Appice, he formed Beck, Bogert & Appice.
Meyer Harris "Mickey" Cohen was a gangster and entrepreneur based in Los Angeles during the mid-20th century.
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Morgan Schiff & Co. was an investment house founded by Phillip Ean Cohen which was a prominent Mergers and Acquisitions and Private Equity firm from its founding in the mid-1980s to the late 1990s. The firm was discontinued after the bankruptcy of Friedman's Inc., the largest jewelry bankruptcy of all time.
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