Kenneth Griffin – the name has resonated many times recently, in business journals. At some point in his life where he was struck with Citadel’s failure to keep its promises to investors, he decided to pursue the idea that no one thought would work. His motivations may be influenced by his desire to come out of the place he was in his career or life. Kenneth Griffin wanted to escape the burden, he knew he would do more of what he always loved to do. He wanted to have the freedom to do what he wanted and when he wanted and he was sure he could do it better.
Nearly seven years later, Chicago based Citadel’s Ken Griffin Leaves 2008 Tumble Far Behind has escaped from financial crisis. And Griffin is taking an aggressive approach to its expansion. He knows what game he is playing, and certainly understands the rules. He won’t know what the score will be in the end but will surely keep a tab on it. Griffin is someone who has started Citadel in an upbeat enthusiasm, lost everything and ready to replace the losses with full efforts. This one, he says, can be achieved through brand-new venture capitalists, mergers, acquisitions and much else. Citadel offers different paths to customers that come with different portfolios of risk, capital requirements, experience and other benchmarks. What makes the dealings special is the ability of the company to tie all the elements together, the most crucial of which is where the business is involved.
Its near death experience in stock market in 2008 hasn’t deterred Citadel from doing what needs to be done when its peer hedge funds are losing ground and succumbing to market volatility. The good news is, an initial public offering is on the way and people familiar with the matter are over the moon.
For Mr. Griffin, it has been a roller coaster ride that is nearing the end and ready to embark on the ground to safety. He has totally changed the definition of a business based on capital market into one whose existence is not dependent upon any one entity but a combined effort and quality of service. The business in Citadel is flourishing, probably would survive the high tides, exist and not feel any impact in the future. For him and the company, the worst years are over and the best moments have already set in.
Griffin’s is a life that is unlike any other. At his workplace he doesn’t have much at stake. He may have to spike bonus for his employees, but basically that is all he is risking. His personal life, however, has taken a toll. In addition to standard settlement, and effort to avoid serious repercussions, he may have to shell out some good portion of his salary as monthly allowance for his divorcing wife. Mr Griffin himself has a great future down the road and great liking for his new Citadel building. He wants to spruce up a part of the place with Halloween decoration. He has been active in politics supporting Gov Bruce Rauner whom he describes as a man who can create fair, free market with personal liberty and freedom.