Is Peter Cohen A Fish Out Of Water?

In the 1980s, Shearson Lehman Brothers Chairman Peter A. Cohen was the quintessential high-rolling investment banker. And when he suffered a downfall--after missteps in RJR Nabisco Inc.'s takeover battle and a final falling-out with American Express CEO James D. Robinson III--there was scarcely a wet eye on Wall Street. Cohen was not the most popular man in the business--and he knew it. "Peter paid huge emotional dues over the past four years," says a friend. "Imagine seeing yourself on the theater marquee every night--and then not getting any scripts at all."

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