Michael Cohen’s DC Consulting Career: Scattershot, With Mixed Success - http://earlyretireonline.com | how to earn money fastMay 14, 2018 12:33 am
Categorised in: Breaking Financial News
When Michael Cohen came knocking after the 2016 election, touting himself as the president’s lawyer, a man who could decipher the new administration, Ford Motor Co. said no. So did Uber Technologies Inc.
Mr. Cohen talked to associates about building a huge practice. He mused about approaching foreign governments and foreign firms. But a broad review of his Washington dealings since they first surfaced last week shows his efforts were scattershot and met only with mixed success—both for Mr. Cohen and his clients.
His work did have an impact in one way. It dragged some of the world’s largest corporations and other firms into Special Counsel Robert Mueller’s investigation: Novartis, Ford and AT&T have responded to information requests from Mr. Mueller’s office, according to people familiar with the matter.
More fortunate are the dozens of Fortune 100 companies who, when contacted by The Wall Street Journal, said they hadn’t received any overtures from Mr. Cohen or had any contact with him.
Mr. Cohen’s pitch was blunt. He would tell prospective clients—large corporations worried about their lack of connections to President Donald Trump’s administration—that he didn’t know who was advising them, but that the companies “should fire them all,” a person familiar with Mr. Cohen’s approach said. “I have the best relationship with the president on the outside, and you need to hire me,” Mr. Cohen told them, according to this person.
Mr. Cohen repeatedly pitched Uber, which said no, citing Mr. Cohen’s ownership of New York taxi medallions as a potential conflict of interest with the ride-hailing firm, a person close to the company said. He modified his pitch in response those objections, reminding the company he was “the president’s lawyer,” this person said.
The company, this person said, was “bemused.”
Severe losses on his New York City taxi investments had, in fact, fueled Mr. Cohen’s desire to make money from his ties to the president. A friend described his financial situation as “precarious” and said Mr. Cohen was having trouble maintaining his family’s upscale Manhattan lifestyle.
“I want you to know I’m looking out for deals,” Mr. Cohen told his friend Mark Cuban in April 2017 as he pitched the owner of the Dallas Mavericks on hiring a health-industry firm Mr. Cohen took on as a client, according to Mr. Cuban. “Michael is a hustler,” Mr. Cuban said. “That’s who he is, that’s what he does.”
Pharmaceutical Research &
Manufacturers of America
Blue Cross/Blue Shield