Reuters – Knight Capital’s Joyce Gets $7.5M Retention Deal

Thomas Joyce, whose position as chairman and chief executive of Knight Capital Group was on the line as the company negotiated a takeover earlier this month, will be paid $7.5 million to ensure he remains with the stock-trading company, according to a regulatory filing. The payment will be made to Joyce when Knight is acquired by Getco Holding Co., a high-frequency trading firm that beat out a competitor to acquire Knight for about $1.4 billion.

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