E-Mail Management Tips From Steve Cohen

In a 46-page document shared with employees of SAC Capital Advisors on Monday, lawyers for Steven Cohen argued that the hedge fund manager “did not even read” the 2008 e-mail regarding Dell cited by the Securities and Exchange Commission in its administrative proceeding arguing that he has been negligent in his oversight of his firm. On an average day, the report said, Cohen gets about 1,000 e-mails, and he opens just 11 percent of them.

See? Billionaire hedge fund managers embroiled in years of legal trouble: They’re just like us! We all have too much e-mail, and it’s hard to know which ones to read and which ones to summarily delete, especially when some of them will make you spectacularly rich, others will get you in big trouble, and some are just notifications from Facebook.