Kenneth Pasternak
- January 9, 2024
- American Executive
Quick Facts
| Full Name | Kenneth Pasternak |
| Occupation | American executive |
| Date Of Birth | Feb 21, 1954(1954-02-21) |
| Age | 70 |
| Birthplace | Manhattan |
| Country | United States |
| Birth City | New York |
| Horoscope | Pisces |
Kenneth Pasternak Biography
| Name | Kenneth Pasternak |
| Birthday | Feb 21 |
| Birth Year | 1954 |
| Place Of Birth | Manhattan |
| Home Town | New York |
| Birth Country | United States |
| Birth Sign | Pisces |
| Children(s) | Sara Pasternak Dan Pasternak Rachel Pasternak |
Kenneth Pasternak is one of the most popular and richest American executive who was born on February 21, 1954 in Manhattan, New York, United States. Pasternak was born to a Jewish family in Manhattan. His father was born in Austria and fled the Nazis immigrating first to Israel and then the United States in 1951 after a stint in the British Army. His mother was born in Belgium to a Polish Jewish family who was hidden from the Nazis by a Catholic institution for six years; her entire family perished in the Holocaust. His parents met at a resort in the Catskills and settled in nearby Fleischmanns, New York. His father owned a gas station where he also worked as a mechanic and sold used cars.
In April 2000, Pasternak presented testimony to the US Senate Banking Committee on Competition and Transparency in the Financial Marketplace of the Future. In May 2001, Pasternak presented testimony to the U.S. Senate Committee on Banking, Housing and Urban Affairs regarding the implementation and future of decentralized markets. In 2001, Pasternak was ranked 9th on Forbes’ financial services executive pay list, and number 51 overall, with a total compensation package of $26,488,000; this included a base salary of $250,000 and a cash bonus of $26,213,000. Because he owned founders’ stock he was compensated primarily in cash, and in terms of cash, he was the highest paid CEO in 2001. Other notable financial services executives on this list included Henry Paulson Jr., the CEO of Goldman Sachs who ranked 70th on the list.
Pasternak served on the board of directors of NASDAQ in 2001–2002 and the NASD board of governors in 2001–2002, and was an early-stage investor in the International Securities Exchange (ISE) in 1999.
In 1994, Pasternak co-founded Knight Trading Group along with Walter Raquet, which benefited exponentially from the advent of internet trading. Knight Trading went public in 1998 with a market capitalization of $7 billion. Pasternak served as the company’s chief executive officer from its founding in 1995 until he retired on January 21, 2002. Pasternak also served on the company’s board of directors from 1998 until January 31, 2002. Under his leadership, Knight became the leading wholesale market maker in the United States securities markets. Pasternak and Raquet also took the company public in 1998 under the ticker symbol NITE, and its market capitalization exceeded $5 billion.
Pasternak began his career in 1979 at Spear, Leeds & Kellogg where he started as a librarian. Pasternak eventually worked his way up to senior vice president, limited partner, and trading room manager. He worked at Spear, Leeds & Kellogg until 1994. In 1999, Kenneth Pasternak, was named “Emerging Entrepreneur Of The Year” by Ernst & Young.
Kenneth Pasternak Net Worth
| Net Worth | $5 Million |
| Source Of Income | American executive |
| House | Living in own house. |
Kenneth Pasternak is one of the richest American executive from United States. According to our analysis, Wikipedia, Forbes & Business Insider, Kenneth Pasternak 's net worth $5 Million. (Last Update: December 11, 2023)
Kenneth D. Pasternak (born February 21, 1954, New York City; raised in Fleischmanns, New York) is an American financial executive and entrepreneur. He is a co-founder along with Walter Raquet of Knight Trading Group, at one time the largest market maker in NASDAQ traded securities and also served as its chairman and CEO.
Pasternak received his high school diploma in 1972 from Margaretville Central School and received a B.S. degree in education from The State University of New York at New Paltz in 1977. He moved to Ridgewood, New Jersey where he renovated a home and then moved to Jersey City, New Jersey which at the time was hotbed of stock trading, an industry that he sought to enter.
In 2001, Kenneth Pasternak retired as CEO of Knight Trading Group. As described in Edgar Perez’s book, Knightmare on Wall Street: The Rise and Fall of Knight Capital and the Biggest Risk for Financial Markets, Pasternak claimed he didn’t expect to be CEO of a big company. “I was already looking for an opportunity to retire. I always saw myself as a business builder. I had some health issues. I had diabetes and weighed 325 pounds.”
Height, Weight & Body Measurements
Kenneth Pasternak height Not available right now. Hirofumi weight Not Known & body measurements will update soon.
Who is Kenneth Pasternak Dating?
According to our records, Kenneth Pasternak is possibily single & has not been previously engaged. As of December 1, 2023, Kenneth Pasternak’s is not dating anyone.
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Facts & Trivia
Hirofumi Ranked on the list of most popular American executive. Also ranked in the elit list of famous people born in United States. Kenneth Pasternak celebrates birthday on February 21 of every year.