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Does Ken Griffin have to submit a board package?

Started by KeithBurkhardt
3 months ago
Posts: 2873
Member since: Aug 2008
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Response by inonada
3 months ago
Posts: 7811
Member since: Oct 2008

I couldn’t figure out why he’d care to have so much RE in NYC. Of course he can, but why bother?

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Response by steve123
3 months ago
Posts: 895
Member since: Feb 2009

Funny he is neighbors with Izzy now.

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Response by front_porch
3 months ago
Posts: 5290
Member since: Mar 2008

of course he does

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Response by Aaron2
3 months ago
Posts: 1644
Member since: Mar 2012

After he helped the widow Safra downsize on 5th Avenue in 2009, I'm sure he's able to fill out the paperwork. Maybe he found Ms. Safra's building too liberal, so wanted to move uptown.

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Response by multicityresident
3 months ago
Posts: 2354
Member since: Jan 2009

It was nice of you to call her "the widow Safra" rather than "the black widow Safra." Two very rich husbands who died of most unnatural causes . . ..

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Response by anonymous
2 months ago

I don't know why you need to bring color into this.

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Response by inonada
2 months ago
Posts: 7811
Member since: Oct 2008

>> Funny he is neighbors with Izzy now.

It must have been beneath Ken’s dignity to have to run into Igor on the elevator rides at the old digs.

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Response by anonymous
2 months ago

No he doesn't. When the Board knows you, they can waive you in. Board packages are for people the Board doesn't know.

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Response by KeithBurkhardt
2 months ago
Posts: 2873
Member since: Aug 2008

I'm with George here, I'm guessing that Ken Griffin, worth 45 billion is not submitting a board package here. Reference letters, tax returns, brokerage and bank statements etc... I guess Izzy would write him a good personal reference letter ; )

What's the tea on Izzy? Seems like a solid guy and quite a backstory, also a local New York boy.

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Response by steve123
2 months ago
Posts: 895
Member since: Feb 2009

.. no comment, but NYPost has plenty on him

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Response by inonada
2 months ago
Posts: 7811
Member since: Oct 2008

>> What's the tea on Izzy? Seems like a solid guy and quite a backstory, also a local New York boy.

I don’t know much. General impression is that he is pretty low-key publicly, unlike Ken. Like Ken, he does right by investors and seems to prioritize reputation over money (acknowledging that reputation is key to money long-term). Ken is a great trader (still), while Izzy’s key innovation was a business model that Ken has increasingly adopted in various forms. Poach talent rather than develop it, let independent teams put on whatever trade they want with no oversight beyond the amount of capital they’re allocated, and manage it all by simply increasing capital to winners and cutting capital from losers, possibly all the way to zero (aka “firing”), with pretty tight bounds.

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