And we're back! $4 in NYC.
On tap we've got stories on $4, why one fintech is $4, and an $4
But first, a king considers unconquered lands.
If this was forwarded to you, sign up here>$4. Download Insider's app here>$4.
1. Ken Griffin's next move.
It's good to be Ken Griffin.
Plenty of people find success on Wall Street that most can only dream of. But Ken Griffin seems to be winning in ways that even his peers can't fathom.
2022 was another banner year for both Griffin's hedge fund (Citadel posted $4) and trading firm Citadel Securities nabbed $7.5 billion in revenue, $4).
So where do you go when you've already reached the top? Insider's Dakin Campbell profiled Griffin, including his increased push into politics via eye-popping donations to conservative candidates. The story, which includes a conversation with Griffin himself, is a fascinating look at how one gets to, and stays at, the top of one of the most competitive industries in the world.
With all due respect to Jamie Dimon, Larry Fink, and Stephen Schwarzman, I think it's fair to say Griffin is the most powerful person on Wall Street. I realize that's an ambiguous term, but Griffin's empire spans two different worlds — hedge funds and trading — that makes him ubiquitous in ways others could only dream of.
In other news:
2. You're hiring? In this environment! It's not all bad news on Wall Street. Alt investment marketplace iCapital is looking to add 100 new technologists to its staff this year. $4
3. The rise and fall of Charlie Javice. For years investors and the media lauded Javice's accomplishments, culminating in a deal with JPMorgan for her startup. Now the two sides are at odds. $4
4. Jamie Dimon didn't get a raise in 2022. His total comp stays at $34.5 million. And you thought your year-end bonus was bad! Imagine how the JPMorgan CEO feels. $4
5. Meanwhile at Goldman... Some junior bankers saw their year-end bonuses slashed by as much as 90%, the New York Post reports. So much for that summer share in Montauk. $4
6. Mark Cuban backs another healthcare startup. Truepill is an online pharmacy that helps other healthcare startups send medications through the mail. $4
7. Would anyone like to give Robert Smith some money? The billionaire dealmaker remains on the hunt to fill out a $20 billion tech-focused fund for his firm, Vista Equity Partners. But the fundraising process hasn't been a breeze, Bloomberg reports. $4
8. The case for the five-day work week. As much as it pains me to do so, in the spirit of being fair and balanced, I present to you the case for why a four-day work week is a bad idea. $4
9. That shiraz you're drinking could be courtesy of an army of ducks. A South African winemaker relies on more than 1,000 Indian runner ducks to patrol its fields from pests. $4
10. What if Dry January never ended? If you've almost made it all the way and are considering quitting booze for good, we've got some tips. $4
Curated by Dan DeFrancesco in New York. Feedback or tips? Email ddefrancesco@insider.com, tweet $4, or $4. Edited by Jeffrey Cane (tweet @jeffrey_cane>$4) in New York and Hallam Bullock (tweet @hallam_bullock>$4) in London.