Have a look at Crazy Letter Ken Griffin’s Citadel Provided for The fresh Elizabeth-Change Board
Ken Griffin’s Citadel delivered a heated page with the panel from E-trade right now to tell the business this features “squan excellentndered” an excellent “magical franchise.”
Citadel’s Adam Cooper produces one to Elizabeth-trading continues to be burdened by an excellent devastating foray toward financial-related securities and you may reminds the organization it was conserved immediately after plunging 58% in a day by the an excellent $dos.5 million cash infusion added by Citadel.
So it letter is created on the part of affiliates regarding Citadel LLC (to one another Citadel ) hence beneficially individual up to 9.8% of one’s preferred inventory from Age*Change Economic Enterprise (the latest Team otherwise E*Change ). Citadel might have been the greatest shareholder out of E*Change since the late 2007, as soon as we led good $dos.5 mil bucks infusion toward Organization, saving Age*Trading out-of close specific failure.
Regarding resulting worry, people withdrew huge amounts of dollars of cash or other assets regarding E*TRADE’s bank and you can broker company

As , the newest Panel have continuously failed to operate on the welfare away from Age*Trade investors. Having suffered with almost four years useful exhaustion and you can missing options, we believe it’s about time to own changes. Read More