Will The Last Person At SAC Capital Advisors Please Turn Out The Lights?

Author:
Publish date:

SAC suffered two high level departures today when both its president and chief financial officer announced they were departing. James Rowan, the chief financial officer, is leaving to become the chief operating officer of Ren Tech. The president, Brian Cohn has no plans. Supposedly his departure has come as a surprise to the firm.
SAC employees we spoke to moments ago had no idea that either man had left, so to the rank and file traders both departures come as a surprise. Of course, these surprised traders also couldn’t give us any dish about why Cohn was departing so suddenly because they had no idea he was already out the door.
Cohn, Rowen Depart SAC Capital [Wall Street Journal]

Related