Industry News

Rumors fly about Foxtons

Future-Proof: Navigate Threats, Seize Opportunities at ICNY 2018 | Jan 22-26 at the Marriott Marquis, Times Square, New York

The disappearance of Foxtons founder, president and CEO Glenn Cohen from the company's Web site and his several-days' absence from the corporate headquarters have created some media speculation about the controversial cut-rate commission company and the impression that something might be amiss or at least afoot. Cohen's picture and his comments about the origins of the company previously were featured on the company's Web site, according to the Wayback Machine, an online archive of Web pages. Neither Cohen nor a company spokesperson returned telephone calls last week. The spokesperson, who said she "used to be" Cohen's assistant, today wouldn't confirm whether Cohen is still employed by Foxtons. Another source at the company today said that contrary to news reports the CEO isn't missing and currently is still with the company. More information is expected to be disclosed tomorrow. The company's corporate offices and a 100-person call center are located in West Long Branch, N.J. Bro...