William D. Cohan
William D. Cohan
William David Cohan is an American business writer. He was an investigative reporter for the Raleigh Times. He then worked on Wall Street for seventeen years as a mergers and acquisitions banker. He spent six years at Lazard Frères in New York, then Merrill Lynch & Co., and later became a managing director at JP Morgan Chase. He also worked for two years at GE Capital. Cohan is a graduate of Duke University, Columbia University School of Journalism, and Columbia...
NationalityAmerican
ProfessionAuthor
CountryUnited States of America
Having worked at four separate Wall Street firms, having seen a variety of talent at those places, and having competed against Goldman as a banker, one thing you have to be struck by is the power of their recruiting.
People are pretty simple: they do what they are rewarded for doing. If they get multimillion-dollar bonuses by taking huge risks with other people's money - as they still do - then they will continue to take those huge risks, and not give it another thought.