Talk:Steve Cohen (businessman)

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Untitled

Why is the page called "Steven A. Cohen"? Yeah, I know "SAC" is his initials but "ESL" is Edward Lampert's initials and nobody calls him "Edward S. Lampert". I think it should be simply "Steven Cohen".

What is wrong with this page Antares33712? It is wikified.

It seems to be a page of quality to me (but of course I wrote it.)

I agree, and took off the tags. Also added a reference (although he stays out of the media limelight, any other references would be very welcome) Afelton 20:06, 26 September 2005 (UTC)[reply]

Special Privileges

I agree that the alleged "special privileges" given to SAC are noteworthy, but I tried to tone down the prose into encyclopedic style, hope that's OK. Afelton 01:22, 27 September 2005 (UTC)[reply]

Would the contributor explain this line?

Photographs of the hedge fund manager are not available because Cohen has carefully cultivated an air of mystery. This helps him to ingratiate himself with the media, which frequently uses him as a source of information. [1].

The citation is interesting and a good contribution, but nowhere in the citation does it mention this reasoning. Furthermore, how can the media use him as a source of information if he is so secretive? This line begs to be revised, deleted, or at least defended by whoever wrote it. (Tvwatcher 03:56, 30 April 2006 (UTC))[reply]

I have repeatedly attempted to add this fact, that Cohen has purchased the rights to his photos from news sources to protect his privacy, using citations, and have had it removed within moments by various moderators.

Year.

Hi, I happened to notice that there is some problems in the article. I mean, there is question mark on his birth year. Does Question mark indicate tentative? Regards.Daniel's page ☎ 06:33, 8 September 2006 (UTC)[reply]

Secrecy

I Changed the secrecy section, the link source mentioned nothing about armed guards, and he was on the front page of the Sept 16 06 Wall street journal,so while he isnt so forthcoming to the media, neither is he a recluse, the article has a photo of him eating at a local hot dog stand.

Net Worth

Near the beginning and end, the article reports two different net worths: $3B and $5B. The number should be consistent.

Agreed. A user has changed his net worth to an unsourced amount. Who knows, Cohen's net worth could be $5 billion instead of $3 billion but the Forbes info says otherwise and without a source it shouldn't be included. --Tvwatcher 22:17, 7 November 2006 (UTC)[reply]

It should be noted that while he does have seven children, two of them from a previous marriage live in New York City.

Three from the previous marriage, actually. I've addressed it.—DMCer ™ 04:15, 16 November 2009 (UTC)[reply]

Bot report : Found duplicate references !

In the last revision I edited, I found duplicate named references, i.e. references sharing the same name, but not having the same content. Please check them, as I am not able to fix them automatically :)

"haden" :
- [http://www.forbes.com/collecting/2005/03/09/cx_ahg_0309hot.html]Haden-Guest, Anthony, "Top Billionaire Art Collectors," Web page, Forbes magazine Web site, [[March 8]], [[2005]], accessed [[July 25]], [[2006]]
- <ref>[http://www.forbes.com/collecting/2005/03/09/cx_ahg_0309hot.html Top Billionaire Art Collectors - Forbes.com]

DumZiBoT (talk) 16:56, 10 August 2008 (UTC)[reply]

Addressed.—DMCer ™ 04:32, 16 November 2009 (UTC)[reply]

Vandalism

I removed the Vandalism.. I think this article should be locked or at least set where unregistered users cannot edit it.

K8cpa (talk) 03:06, 11 March 2010 (UTC)[reply]

Martone

This should be in the article, but it shouldn't be most of the lede. I moved it to a more appropriate section. Possibly might justify a sentence in the lede if the story develops. "implicated" would usually raise significant BLP concerns, but the WSJ used the word not just in its article, but in the headline. DGG ( talk ) 19:03, 21 November 2012 (UTC)[reply]

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Factual Updates

I would like to make a few factual updates to this bio. I work for Point72 Asset Management, which is owned by Mr. Cohen; I have recently worked on the Point72 article, with some input from experienced Wikipedians. I recognize there is the potential for conflict of interest, which is why I am trying to keep my edits limited to clear factual points that can be substantiated by independent sources. Any feedback or help would be much appreciated. -AlexReads (talk) 16:04, 7 April 2016 (UTC)[reply]

I have made some changes to the lead section to reflect the January 2016 settlement. I am also hoping to do so shortly for the Controversy section, which covers these issues in greater depth. There are several small issues with that section, which make it difficult to follow; it doesn't fully cover the status of Martoma's conviction (it should note his Oct. '15 appeal); the "Five employees..." statement is out of date and no longer accurate; and the quotes at the end of the first paragraph (from Reuters and from Cohen) characterize details of a case that has now been settled, and seem out of place. Better to cover the outcome of the settlement, than the play-by-play details during its litigation. -AlexReads (talk) 19:30, 20 May 2016 (UTC)[reply]

Requesting review

TheSoundAndTheFury and Onel5969, you have both been helpful with my edits to the Point72 Asset Management article. Would you mind taking a look at what I've done here on Steven Cohen's biography? I think it's all pretty uncontroversial, but because of the potential conflict of interest I'm hoping somebody independent and more experienced with Wikipedia can take a look, and let me know if I've strayed from Wikipedia standards in any way. -AlexReads (talk) 16:11, 23 June 2016 (UTC)[reply]

I assume you mean the Controversy section? I took a brief glance and didn't notice anything that would be particularly problematic. We should, as always, follow the policies on Wikipedia:Biographies of living persons and err on the safe side. Any other views on this? TheSoundAndTheFury (talk) 01:45, 24 June 2016 (UTC)[reply]

No specific section -- I have tried to be minimal and evenhanded in my edits, but I appreciate external review. I know that editing as part of one's work is a hot topic on Wikipedia; I want to be respectful of policies and avoid potential future issues, so I'm hoping to get some eyes on my work sooner rather than later. I appreciate your taking a look, TheSoundAndTheFury. There are a few further details I'd like to attend to here, but am mostly done. -AlexReads (talk) 14:37, 5 July 2016 (UTC)[reply]

I am fine with the edits. Also, kudos to you for honestly disclosing your conflict of interest. Let me know if there's anything else I can help with. TheSoundAndTheFury (talk) 00:44, 6 July 2016 (UTC)[reply]

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Edits to article

Hello User:DocWatson42, User:Edwardx, User:TheSoundAndTheFury and any other editors who may see this note. I work for Point72 Asset Management and would like help with updating the article on Steven A. Cohen. The edits I would like help with are as follows:

I would to add new information immediately after this line in the Career section: Cohen's civil case was settled in January 2016; the agreement prohibited Cohen from managing outside money until 2018. In 2016, Steve Cohen established Point72 Ventures, a venture capital fund that makes early-stage investments in Asia, Europe, Central America, and the United States. In 2018, Point72 became a registered investment advisor and raised $5 billion in capital from outside investors.^[1]^[2]^[3]^[4]^[5]

hi AlexReads I have added in the establishment of Point 72 Ventures.WestportWiki (talk) 22:50, 18 June 2019 (UTC)[reply]

Next I would like to make factual updates to the Wealth and Philanthropy section. I would like to replace this:

In April 2016, Cohen committed $275 million to establishing mental health centers for veterans and their families nationwide. The first two opened in Texas in the following months; centers in Los Angeles and Philadelphia were scheduled to open by the end of 2016, and a total of 25 are planned by 2020

With this:

In 2016, Cohen donated $275 million to establish mental health centers for veterans and their families throughout the U.S. As of 2019, 12 centers were operating, with a total of 25 planned by 2020. The name of the organization operating the centers is Cohen Veterans Network. Cohen Veterans Bioscience, also funded by Steve Cohen, conducts research into the effects of PTS on combat veterans.^[6]^[7]^[8]^[9]^[10]^[11]

hi AlexReads I have added some of the changes you requested. After reviewing the citations and then doing some further research I could not find a clear donation of $275 million or multiple donations to add up to $275 million so I have left the language more along the lines of commitment vs donated. I removed the details of the number of the specific centers opening as that is more helpful on the Cohen Veterans Network page.WestportWiki (talk) 22:34, 18 June 2019 (UTC)[reply]

Additionally, I would like to update the section about the litigation between Cohen and his brother, and his ex-wife Patricia. The case has been dismissed. The update would follow this:

In December 2009, Cohen and his brother Donald T. Cohen were sued by Steven's ex-wife Patricia Cohen for racketeering and insider trading charges.[64] On March 30, 2011, the United States District Court in Lower Manhattan dismissed the case, but on 3 April 2013, the 2nd U.S. Circuit Court of Appeals in New York said a lower court had erred in dismissing fraud-based claims by his former spouse and revived the lawsuit.[65][66][67][68][69]

The addition is: In 2016, the U.S. District Court of Manhattan dismissed the lawsuit in favor of the Cohen brothers. Chief Judge Loretta Preska ruled that Steven Cohen did not fraudulently hide $5.5 million in an attempt to “lowball” his net worth.^[12]

Thanks! AlexReads (talk) 07:30, 12 June 2019 (UTC)[reply]

hi AlexReads I am concerned that the ratio of content to sources on the Steven A Cohen page is becoming in balanced. Given that you work at Point 72 and must see all of the press are you aware of any pieces that can be used to support the text you want to add with just a couple of sources from reputable places? this would be super helpful. thank you.WestportWiki (talk) 03:28, 13 June 2019 (UTC)[reply]

Hello WestportWiki, sorry for the delayed response. To be clear: Are you suggesting that I do not need all the citations I have included for this round of edits, but just the highest level ones? If so, once I get re-settled (job transition), I will winnow down the edits. I would, of course, appreciate your review of that work once it is completed. Thanks again for all your help! AlexReads (talk) 05:06, 25 September 2019 (UTC)[reply]

hi AlexReads after asking the question I spent time sorting through, checking and removing many of the citations that were duplicative and so forth and finding alternatives for those that needed assistance eg more reputable citations. Best, WestportWiki (talk) 16:19, 25 September 2019 (UTC)[reply]

References

^ "#101 Steve Cohen". Forbes. April 18, 2019.
^ Dogan, Inan (December 19, 2018). "You're not alone: Hedge fund manager Steven Cohen is suffering in the stock market too". MarketWatch.
^ English, Carleton (November 14, 2018). "Steve Cohen raises $5 billion for hedge fund this year". New York Post.
^ Foxman, Simone (November 29, 2018). "Steve Cohen's Point72 Is Exploring Raising Venture Fund". Bloomberg.
^ Chavez-Dreyfuss, Gertrude (February 20, 2019). "Steve Cohen's venture firm invests in U.S. cybersecurity company". Reuters.
^ Kime, Patricia (November 5, 2014). "Medical tests for PTSD and TBI not far off". MilitaryTimes. Retrieved June 16, 2016.
^ Repko, Melissa (June 8, 2016). "New Addison clinic offers free counseling for DFW's many veterans and their families". Dallas Morning News.
^ Kuz, Martin (May 9, 2016). "New clinic offers free mental health services for veterans, families". San Antonio Express News.
^ Fox, Emily Jane (April 8, 2016). "Billionaire Hedge-Fund Manager Pledges $275 Million to Veteran Mental-Health Care". Vanity Fair.
^ Altman, Howard (December 10, 2018). "Billionaire plans to open Tampa mental health clinic for veterans, family members". Tampa Bay Times.
^ Sisk, Richard (October 11, 2018). "Hedge Fund Billionaire Plans 25 Mental Health Clinics for Veterans by 2020". Military.com.
^ Stempel, Jonathan (May 19, 2016). "Billionaire Steven Cohen wins dismissal of ex-wife's fraud case". Reuters.

Art

The art section indicates that Mr. Cohen often overpays for art and conjectures "that seems to be part of the fun". Overpaying for art for a person of his stature also generally increases its value to at least whatever he paid for it, a hallmark of a scheme of using art for tax evasion used numerous times by the ultra-rich. At the very least, I don't think this article should conjecture on the intent of his notable above-market offers on art without citation. Abovfold (talk) 02:39, 29 August 2020 (UTC)[reply]

New vandalism

I'm sure a Mets fan is excited about the pending removal of the Wilbon family, but even so, it's not cool to put "long may he reign" on Cohen's page!

"Cohen... is an American billionaire hedge fund manager"

Why mention "billionaire" right in the opening sentence? I don't see Warren Buffett or Elon Musk described as "billionaire" from the get go (or Paul McCartney for that matter). — Preceding unsigned comment added by 185.175.34.175 (talk) 11:02, 31 January 2021 (UTC)[reply]

I agree and have edited the page accordingly.Shadybabs (talk) 22:37, 1 February 2021 (UTC)[reply]

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[ForbesApril2019-1] "#101 Steve Cohen". Forbes. April 18, 2019.

[MartWtch1218-2] Dogan, Inan (December 19, 2018). "You're not alone: Hedge fund manager Steven Cohen is suffering in the stock market too". MarketWatch.

[NYPost1118-3] English, Carleton (November 14, 2018). "Steve Cohen raises $5 billion for hedge fund this year". New York Post.

[Blmberg1118-4] Foxman, Simone (November 29, 2018). "Steve Cohen's Point72 Is Exploring Raising Venture Fund". Bloomberg.

[ReutersFeb2019-5] Chavez-Dreyfuss, Gertrude (February 20, 2019). "Steve Cohen's venture firm invests in U.S. cybersecurity company". Reuters.

[6] Kime, Patricia (November 5, 2014). "Medical tests for PTSD and TBI not far off". MilitaryTimes. Retrieved June 16, 2016.

[7] Repko, Melissa (June 8, 2016). "New Addison clinic offers free counseling for DFW's many veterans and their families". Dallas Morning News.

[8] Kuz, Martin (May 9, 2016). "New clinic offers free mental health services for veterans, families". San Antonio Express News.

[VFvets-9] Fox, Emily Jane (April 8, 2016). "Billionaire Hedge-Fund Manager Pledges $275 Million to Veteran Mental-Health Care". Vanity Fair.

[TBT1218-10] Altman, Howard (December 10, 2018). "Billionaire plans to open Tampa mental health clinic for veterans, family members". Tampa Bay Times.

[Military.com1018-11] Sisk, Richard (October 11, 2018). "Hedge Fund Billionaire Plans 25 Mental Health Clinics for Veterans by 2020". Military.com.

[Reuters2016-12] Stempel, Jonathan (May 19, 2016). "Billionaire Steven Cohen wins dismissal of ex-wife's fraud case". Reuters.

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