Gary Cohn
Encyclopedia
Gary D. Cohn is President
and COO
of investment banking and securities firm Goldman Sachs
.
and currently reside in New York City
. When he graduated from American University
, his first job was for U.S. Steel
, where he worked from July 1 of his graduation year to Thanksgiving.
According to this article in Bloomberg,
According to former Bear Stearns Asset Management CEO Richard Marin, Cohn's arrogance is at the root of the problem.
in 1999. He has also financed the Gary D. Cohn Endowed Research Professorship in Finance at American University
, his alma mater
, where he graduated with a Bachelors of Science in Finance.
The Hillel building at Kent State University
was named the Cohn Jewish Student Center in recognition of a gift from Gary and Lisa Cohn.
. His employer, Goldman Sachs, has fallen under intense scrutiny and come in for criticism
for creating or pitching products and ploys used by Greece to "obscure billions in debt from the budget overseers in Brussels". History of this effort to shoehorn Greece into the eurozone dates back to shortly after Cohn was serving as the global head of Goldman Sachs's commodities business and through his tenures as a senior manager in charge of the company's global commodities and global securities units. He himself led a delegation from Goldman Sachs in late 2009 for meetings which included proposals to place debt-due dates so far into the future that metrics for assessing the Greek national debt would be sufficiently vitiated so as to permit Greece to stay a Eurozone member.
President
A president is a leader of an organization, company, trade union, university, or country.Etymologically, a president is one who presides, who sits in leadership...
and COO
Chief operating officer
A Chief Operating Officer or Director of Operations can be one of the highest-ranking executives in an organization and comprises part of the "C-Suite"...
of investment banking and securities firm Goldman Sachs
Goldman Sachs
The Goldman Sachs Group, Inc. is an American multinational bulge bracket investment banking and securities firm that engages in global investment banking, securities, investment management, and other financial services primarily with institutional clients...
.
Personal life
He and his wife, Lisa, grew up in Shaker Heights, OhioShaker Heights, Ohio
Shaker Heights is a city in Cuyahoga County, Ohio, United States. As of the 2010 Census, the city population was 28,448. It is an inner-ring streetcar suburb of Cleveland that abuts the city on its eastern side.-Topography:Shaker Heights is located at...
and currently reside in New York City
New York City
New York is the most populous city in the United States and the center of the New York Metropolitan Area, one of the most populous metropolitan areas in the world. New York exerts a significant impact upon global commerce, finance, media, art, fashion, research, technology, education, and...
. When he graduated from American University
American University
American University is a private, Methodist, liberal arts, and research university in Washington, D.C. The university was chartered by an Act of Congress on December 5, 1892 as "The American University", which was approved by President Benjamin Harrison on February 24, 1893...
, his first job was for U.S. Steel
U.S. Steel
The United States Steel Corporation , more commonly known as U.S. Steel, is an integrated steel producer with major production operations in the United States, Canada, and Central Europe. The company is the world's tenth largest steel producer ranked by sales...
, where he worked from July 1 of his graduation year to Thanksgiving.
Work Style
Cohn is said to be having an arrogant, aggressive, abrasive and risk-prone work style.According to this article in Bloomberg,
- "6-foot 3-inch & 220 lbs Cohn would sometimes hike up one leg, plant his foot on a trader's desk, his thigh close to the employee's face and ask how markets were doing".
According to former Bear Stearns Asset Management CEO Richard Marin, Cohn's arrogance is at the root of the problem.
- "When you become arrogant, in a trading sense, you begin to think that everybody's a counterpary, not a customer, not a client".
Charitable activities
Mr. Cohn is a founding board member with his wife Lisa Pevaroff Cohn of the New York University Child Study Center. Together, they funded the Pevaroff Cohn Professorship in Child and Adolescent Psychiatry at the New York University School of MedicineNew York University School of Medicine
The New York University School of Medicine is one of the graduate schools of New York University. Founded in 1841 as the University Medical College, the NYU School of Medicine is one of the foremost medical schools in the United States....
in 1999. He has also financed the Gary D. Cohn Endowed Research Professorship in Finance at American University
American University
American University is a private, Methodist, liberal arts, and research university in Washington, D.C. The university was chartered by an Act of Congress on December 5, 1892 as "The American University", which was approved by President Benjamin Harrison on February 24, 1893...
, his alma mater
Alma mater
Alma mater , pronounced ), was used in ancient Rome as a title for various mother goddesses, especially Ceres or Cybele, and in Christianity for the Virgin Mary.-General term:...
, where he graduated with a Bachelors of Science in Finance.
The Hillel building at Kent State University
Kent State University
Kent State University is a public research university located in Kent, Ohio, United States. The university has eight campuses around the northeast Ohio region with the main campus in Kent being the largest...
was named the Cohn Jewish Student Center in recognition of a gift from Gary and Lisa Cohn.
Role in 2010 Euro crisis
Headline media stories in mid-February 2010 described the role that Gary D. Cohn played in the Greek government's attempts at concealing and deferring debt in order to meet criteria for inclusion in the EurozoneEurozone
The eurozone , officially called the euro area, is an economic and monetary union of seventeen European Union member states that have adopted the euro as their common currency and sole legal tender...
. His employer, Goldman Sachs, has fallen under intense scrutiny and come in for criticism
Criticism
Criticism is the judgement of the merits and faults of the work or actions of an individual or group by another . To criticize does not necessarily imply to find fault, but the word is often taken to mean the simple expression of an objection against prejudice, or a disapproval.Another meaning of...
for creating or pitching products and ploys used by Greece to "obscure billions in debt from the budget overseers in Brussels". History of this effort to shoehorn Greece into the eurozone dates back to shortly after Cohn was serving as the global head of Goldman Sachs's commodities business and through his tenures as a senior manager in charge of the company's global commodities and global securities units. He himself led a delegation from Goldman Sachs in late 2009 for meetings which included proposals to place debt-due dates so far into the future that metrics for assessing the Greek national debt would be sufficiently vitiated so as to permit Greece to stay a Eurozone member.