For many years, Overdeck and Siegel have had an operating arrangement that provides that they possess around equal stakes, hold the only two votes and invest Similarly in Two Sigma’s money.
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Additionally they grew to become far more aggressive. Siegel scrutinized Two Sigma’s website, upset if his biography was shorter than Overdeck’s. Following to start with appearing to the Forbes billionaires’ record a few years in the past, the executives commenced keeping an in depth eye on once-a-year rankings, according to individuals close to the make a difference, desirous to leap above rivals and make sure they were being ranked equally.
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Their worsening connection turned a distraction at the agency. Overdeck and Siegel in some cases blocked fork out raises for staffers in one another’s departments. Priorities could modify week to 7 days, said somebody close to the subject, occasionally in accordance with the whims of each founder.
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