Until It Lost Four Times Its Annual Earnings In A Matter Of Minutes, Knight Capital Was Very Profitable, And Guess What, The Company Doesn’t Need Your Charity RegardlessBy Bess Levin
…says former CEO who may or may not be authorized to speak for the place. Ya hear that would-be buyers? You can piss all the way off.
The co-founder and former chief executive officer of battered market-maker Knight Capital Group gave a bullish assessment of the company’s future, telling CNBC that Knight can “definitely survive,” even without the help of a financial savior. If Knight should go under, “you’d have a hole in the marketplace,” said Kenneth Pasternak who retired from Knight in 2002. The market-maker “needs to restore the confidence of the community at large, but its a very important player and frankly, was a very profitable player until three days ago.”