- 02 Aug 2012 at 4:31 PM
Traders at Knight Capital are already making calls for jobs elsewhere as the stock hits multi-decade lows, Gasparino reported. Knight employed a 1,418 people as of the end of the second quarter. “It’s a war zone here; bullets are flying. I’m just trying to survive,” a senior Knight executive told FOX Business. “It’s going to be hard for Knight because this is their distinctive competence. This is what they do,” said Robert Steven Kaplan, a Harvard professor and former vice chairman at Goldman Sachs. “If they make a mistake like this that costs this much money, it casts out on their entire franchise and capability.” [FBN]
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