Gary Cohn

  • 16 Jan 2014 at 2:06 PM

Reach Of Gary Cohn Extends To Silent Monastery

Over at Fortune today you will find a story about Marty Chavez, a Goldman Sachs partner who rejoined the firm 2005 after leaving for several years to found a business, sell it, and retire to Fire Island. Chavez would’ve been content to live out his life on the beach but one day, this happened:

…he got a call from now-president Gary Cohn, then co-head of global securities. “I heard you sold your company — congratulations,” Chavez recalls him saying. “I heard you retired. That’s ridiculous. I was just calling to share with you that you’re coming back.” When Chavez told him he was burned out on commodities, Cohn suggested investment banking. Chavez didn’t know the first thing about banking, but Cohn was insistent.

Generally, when Gary Cohn talks, you listen. He doesn’t call to offer you a job, he calls to tell you you’re taking it. He doesn’t give you time to think things over, he sticks his grundle in your face and asks “What’s there to think about?” In this case, however, he knew a more subtle touch was necessary. Read more »


[@cgasparino, related]

Goldman Sachs emerged from the financial crisis as the whipping boy of Wall Street. But on Monday evening, the firm’s chief executive, Lloyd C. Blankfein, was feted like a king. Or perhaps like a rabbi. “Lloyd, I’d like to welcome you to your second bar mitzvah,” David K. Wassong, the co-head of private equity at Soros Fund Management, said at the annual Wall Street Dinner sponsored by the UJA-Federation of New York, a charitable organization focused on Jewish philanthropy. “The only difference is that tonight the money goes to UJA.” [...] For Mr. Blankfein and Gary D. Cohn, the No. 2 at Goldman, the evening reflected the firm’s prominent position on Wall Street and the public relations recovery it has undertaken since the crisis. One financial analyst, Michael Mayo, approached Mr. Cohn after the event and jokingly suggested that the folks at Goldman should send a Hanukkah present to Jamie Dimon, the chief executive of JPMorgan Chase, a bank that has recently fallen from favor in Washington after a number of run-ins with regulators. Mr. Cohn smiled at the suggestion. “I have a joke about that,” he said. But with a reporter present, he declined to tell it. [Dealbook]

It’s just not fair! Read more »

  • 31 Jul 2013 at 6:26 PM

SAC Capital Better Than Okay In Gary Cohn’s Book

Goldman Sachs President Gary Cohn said his firm continues to do business with SAC Capital Advisors LP, the hedge fund that was indicted on charges of insider trading last week. “They’re an important client to us, they have been an important client to us,” Cohn, 52, said today in an interview on CNBC. “We continue to trade with them, and they’re a great counterparty.” [Bloomberg]

*DJ Gasparino: Goldman Sachs President Gary Cohn Fully Aware I Can Fight Like Mike Tyson In His Prime, If I So Chose

*DJ Gasparino: What I Lack In Height, I Make Up For In Having The Wingspan Of A Pterodactyl

*DJ Gasparino: Cohn Knows Gasparino’s Reach Is So Formidable He Could Be Eating A Slice On Arthur Avenue And Knock The GS Prez Out In Midtown

Read more »

Out of 17,000 applicants, just 350 college students made the cut and will begin their investment banking summer internships next week at Goldman Sachs offices around the world. That is roughly the same yield as prior years, a 2% acceptance rate. It’s easier to get into Harvard or Stanford…Applicants also had to submit a resume and a 300-word cover letter describing the qualities they would bring to Goldman and their motivations for applying. And of course they had to survive a round of interviews. “We have no problem attracting people,” Gary Cohn, Goldman’s president, said at a conference on Thursday about the applicants to the program. “I won’t say they’re all highly qualified, but the vast majority were highly qualified kids that wanted to come to work at Goldman Sachs for the summer and do the internship program.” [WSJ, related, related]