Good afternoon. Thank you for joining us. So, preet, giveren that part of your job involved prosecuting companies and occasionally ceos, what are you doing talking to a room full of ceos . Over time, ive come to really love the sound of nervous laughter. Thank you. You talk about the importance of culture in companies. Why is it so important . Feels like a rather people understand that in addition to being chief officer in manhattan and of my office, more than a lawyer, im the ceo of my institution. We have 450 employees. I have to make decisions every day about how we allocate resources, who we promote, what our priorities are, more in line of being head of an institution rather than just being a lawyer. I think from my office, for an institution to succeed and do well, what its prime mission is, which is not to make widgets but make sure justice is done, i have to care about culture a lot. No ceo worth his or her salt would think otherwise. For us it is actually required by Justice D
Discussion. [ applause ] anyone working at any hedge fund who involved in shortterm trading, meaning every day theyre coming in and trading in and out of stocks, all the people want edge. That is a common term in the industry. They want edge. And, you know, theres this white edge, kind of useless for their purposes, there is the gray zone, and then there is black edge, which is clearly inside information. Sunday night, on q a, new yorker staff writer sheila kohotcar talks about the Insider Trading case against steven cohen in her book black edge, inside information, dirty money, and the quest to bring down the most wanted man on wall street. The two concentral characters at the heart of the story, theyre very central characters in my book are these two former Portfolio Managers for cohens fund, Matthew Martoma and michael steinberg. Martoma is currently serving a fairly lengthy prison sentence, though his case is on appeal. And mr. Steinberg was convicted, but then his conviction was l
Discussion. Thank you very much. Judge neil gorsuch, President Trumps pick has his his confirmation hearing coming up. Beginning march 20th with opening statements, the next day will be questioning of the nominee himself by outside groups and witnesses. Live starting on the 20thth check cspan. Org for coverage plans. Judge gorsuch was born in denver in 1967 and went to Harukyo Nomura lard law school before being appointed to the bench. Anyone working at any hedge fund who involved in short term trading meaning every day theyre coming in and out of stocks all these people want edge. That is a common term, they want edge and theres this wide edge kind of useless for their purposes, theres the gray zone and black edge which is clearly inside information. Sunday night on q a talks about the Insider Trading case against hedge manager steven cohen. In her book black edge, inside information, dirty money and the quest to bring down the most wanted man on wall street. The two central character
4 who is steven cohen . He built up an a enormous personal for tune on the basis of his incredible skill for trading. So he had a strong instinth for the stock market. He would sit down and look at the way stocks were trading and believed to have an incredible sense of how to ride the waves in the market and make money. He has this very compelling almost rags to riches story. He grew up very middle class and long island. His family has less money than a lot of others around him. He felt a sort of hunger to become rich. He started playing poker in high school. Very quickly built up a for tune. He has a mansion in connecticut, helicopter rides, works of art. He became an object of extreme envy. Sac. His initials. E embodied the firm. Theres a moment you say in your book he wouldnt talk to you. Tell us about that. I had spent several years reporting this book. I went about doing that the i had a lot of Court Documents interviews with people and i tried to convince him to sit with me. Of c
4 who is steven cohen . He built up an a enormous personal for tune on the basis of his incredible skill for trading. So he had a strong instinth for the stock market. He would sit down and look at the way stocks were trading and believed to have an incredible sense of how to ride the waves in the market and make money. He has this very compelling almost rags to riches story. He grew up very middle class and long island. His family has less money than a lot of others around him. He felt a sort of hunger to become rich. He started playing poker in high school. Very quickly built up a for tune. He has a mansion in connecticut, helicopter rides, works of art. He became an object of extreme envy. Sac. His initials. E embodied the firm. Theres a moment you say in your book he wouldnt talk to you. Tell us about that. I had spent several years reporting this book. I went about doing that the i had a lot of Court Documents interviews with people and i tried to convince him to sit with me. Of c