Post by Robin Wigglesworth
Editor, FT Alphaville
Jane Street — a weird prop trading firm with no C-suite, only 3,500 employees and an intense devotion to recondite card games and programming languages — out-earned the following companies last year. Deep breath . . . Visa, Coca-Cola, Procter & Gamble, LVMH, Philip Morris, Disney, Netflix, Siemens, AstraZeneca, and Merck. Oh, and Rio Tinto, Novartis, Volkswagen, Home Depot, Cisco as well. And yes, ConocoPhillips, Caterpillar and BMW too. And more than Blackstone and BlackRock or Citadel and Citadel Securities combined. We could go on, but you get the drift.