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.
[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.
[4] "With his tailored Savile Row suits, Oxford accent, and patronizing manner, Cohen seems like the quintessential Wall Street sophisticate- very polished, very international.