SAC Capital Advisors is defending allegations that hedge fund manager Steven Cohen was involved in an insider trading scandal, claiming that he didn't read the emails at the
center of the allegations. The company said that Cohen receives about 1,000 emails a day and only opens about 11% of them. Dmitri Leonov, VP for growth at Sanebox, told CNN Money that this was
entirely possible since executives are often bombarded with more emails than they can manage. According to Sanebox's research, the average Sanebox user only considers 42% of their emails important.
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