4 ms·

700k on several events that their employees will get excited for and can brag about to their (fellow finance professional) friends seems reasonable.

• jariel 6y ago
  Yes, but also, when the next business cycle market crash happens, and the plebes are screaming about hedge funds, Citadel can also pick up the phone and call their 'friend' Janet Yellen, to introduce them to the Sec. Treasury, and that Senator who's putting putting up a huff about some new legislation. If you hire U2 to do a a private show for your staff, you don't get those kinds of added bonuses.
  • camel_Snake 6y ago
    Citadel is large enough I think she'd be obligated to pick up the phone regardless.
    • jariel 6y ago
      When there are 100 'large firms' calling, it's the 'friends' calls the get answered first, if at all, because hey, we're all busy. When Masayoshi got 45 minutes in Trump Tower to convince Trump to push forward the Sprint/TMobile merger, do you think that Trump just handed out that favour for free? Because it was 'Good For American Business'? Or maybe at some later date, Trump might find himself in need of investors for his Trump Tower Tokyo, or some help in getting regulators to approve it?