[The SEC’s] pursuit of [Brown University trustee Steven] Cohen has been compared to Captain Ahab’s quest to vanquish the White Whale. Preet Bharara’s investigation into insider trading in the hedge-fund industry has already led to the convictions of former Galleon Group founder [and high-profile University of Pennsylvania donor] Raj Rajaratnam and former Goldman Sachs director and McKinsey managing director Rajat Gupta. Rajaratnam is currently serving an 11-year prison sentence, and last year Gupta was sentenced to two years in prison. Bharara says the U.S. Wall Street insider trading investigation is ongoing.
It’s become quite the cat and mouse game between Brown University’s Steven Cohen and law enforcement. Does someone in Brown’s English department teach Melville? There’s a great opportunity here to spice up the Moby lecture:
So powerful and persistent a metaphor has the Ahab/whale struggle become that we encounter it in the media’s account of our trustee Steve Cohen’s white whale-esque evasion of capture (so far!) by “Ahab” Bharara …
Tomorrow night, Brown has a rare opportunity to model for its students how to become a success in life: Frontline is featuring the university’s highest-profile trustee in a special report titled To Catch a Trader. UD hears echoes of To Catch a Thief in that title, but that’s probably just her.
January 6th, 2014 at 12:06PM
“Call me Stevie.”
January 6th, 2014 at 12:13PM
MattF: LOL.