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Citadel Founder: The Kids Aren't Alright
http://nymag.com/ daily/ intel/ 2008/ 05/ citadel_founder_the_kids_arent.html
FINANCE • Banking analyst Meredith Whitney says that Citigroup is so deep in a black hole that even physicist Stephen Hawking couldn't help the company. [NYP] • Kenneth Griffin, the founder of the successful $20 billion Citadel Investment Group, says Wall Street arrived at its current economic situation by means of inexperience. "Walk across any of the trading floors — they are full of 29-year-old kids. The capital markets of America are controlled by a bunch of right-out-of-business-school young guys who haven't really seen that much." [NYT] • Today in Bear Stearns: JPMorgan's Jamie Dimon finds 50 percent of Bear Stearns employees a job.
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