Citadel’s Sticky Employee Pay Weighed on $5.3 Billion in Gains
Original Report
Employee pay at Ken Griffin’s Citadel held fast last year despite lower returns, underscoring the burdensome costs that come with running giant multistrategy hedge funds amid a heated fight for...
Employee pay at Ken Griffin’s Citadel held fast last year despite lower returns, underscoring the burdensome costs that come with running giant multistrategy hedge funds amid a heated fight for talent.
Glass House Analysis
Inflation is the silent tax that erodes purchasing power, hitting hardest those who can least afford it. When grocery bills rise faster than wages, families face impossible choices between food, medicine, and rent. Unlike market volatility that mainly affects investors, inflation touches everyone who buys groceries, fills a gas tank, or pays rent.
The implications extend beyond the immediate news cycle. Every economic development creates ripples that affect employment, prices, and opportunities in ways that may not be immediately visible but are deeply felt. By tracking these connections, we can better understand how the economy truly works—not as an abstract machine, but as a human system shaped by and shaping the lives of millions.
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