Take a look at Upset Letter Ken Griffin’s Citadel Sent to The newest Age-Change Board
Ken Griffin’s Citadel delivered a heated page towards panel from E-trade right now to tell the business this has actually “squa greatndered” a great “phenomenal business.”
Citadel’s Adam Cooper writes one Elizabeth-exchange is still strained from the good devastating foray on financial-related bonds and you will reminds the business that it was conserved immediately following plunging 58% per day because of the an effective $dos.5 mil bucks infusion contributed of the Citadel.
It page is written on behalf of affiliates off Citadel LLC (together Citadel ) and that beneficially own up to 9.8% of popular inventory away from Age*Trade Economic Enterprise (the latest Organization or E*Trade ). Citadel has been the greatest shareholder away from E*Change because later 2007, once we contributed good $dos.5 mil bucks infusion on the Organization, preserving Elizabeth*Exchange regarding near certain incapacity.
Throughout the ensuing worry, users withdrew huge amounts of dollars of money or any other property out of E*TRADE’s bank and you may broker company
Since the , the Panel has constantly failed to operate regarding the welfare of Elizabeth*Change investors. Which have suffered from nearly couple of years useful depletion and missing possibility, we believe it is time having change. E*Exchange investors features waited long enough.
