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William O'Brien, Infamous CEO Of BATS, Has Left The Firm

Tyler Durden's picture




 

Remember when IEX' Brad Katsuyama swept the floor with BATS CEO Bill O'Brien, exposing him as a liar on national TV in his spirited defense of HFT and an "unrigged market"? Well, Bill has just left the building: as BATS reported moments ago he is no longer with the firm.

From the Press Release:

BATS Global Markets Announces Departure of William O’Brien;  Joe Ratterman, CEO, Reassumes Additional Role Of President

 

KANSAS CITY, Mo. – July 22, 2014 – BATS Global Markets (BATS) today announced the departure of William O’Brien as President, effective immediately, with CEO Joe Ratterman reassuming the additional role of President.

 

Mr. Ratterman previously held both the CEO and President roles from June 2007 through January 2014. He joined BATS in June 2005 as a founding employee.

 

In addition to Mr. Ratterman as CEO and President, the remainder of the executive management team is unchanged with Chris Isaacson, Executive Vice President, Global Chief Information Officer; Tami Schademann, Executive Vice President, Chief Regulatory Officer; Eric Swanson, Executive Vice President, General Counsel; Mark Hemsley, CEO of BATS Chi-X Europe; Brian Schell, Executive Vice President, Chief Financial Officer; and Bryan Harkins, Executive Vice President, Head of U.S. Markets.

 

The full executive team will report directly to Mr. Ratterman.

In case you missed the exchange, here it is again:

 

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Tue, 07/22/2014 - 12:21 | 4988359 Pladizow
Pladizow's picture

Lets securitize death bonds for banker "suicides".

Would be a nice thing to profit from!

 

Tue, 07/22/2014 - 12:34 | 4988468 Greenskeeper_Carl
Greenskeeper_Carl's picture

keep an eye out for nail guns and tall buildings....

Tue, 07/22/2014 - 12:42 | 4988523 SumTing Wong
SumTing Wong's picture

If I left like BillyBob, I'd have to yell out "Sexual chocolate!" and drop the microphone.

Tue, 07/22/2014 - 12:48 | 4988557 Henry Rearden
Henry Rearden's picture

Mover over Hank Greenberg, I'm switching to O'Brien in my banker death pool. 

Tue, 07/22/2014 - 13:13 | 4988700 FL_Conservative
FL_Conservative's picture

I guess it was time for him to go BATShit.

Tue, 07/22/2014 - 13:15 | 4988717 InjectTheVenom
InjectTheVenom's picture

maybe he's taking some time off to take up kiteboarding

Tue, 07/22/2014 - 13:30 | 4988822 ilion
ilion's picture

Nobody will miss this guy.

Tue, 07/22/2014 - 14:18 | 4989105 gh0atrider
gh0atrider's picture

Buh-bye BATS Boy!

Tue, 07/22/2014 - 13:13 | 4988698 KnuckleDragger-X
KnuckleDragger-X's picture

Bullish on nail gun makers....

Tue, 07/22/2014 - 14:40 | 4989233 El Oregonian
El Oregonian's picture

"William O'Brian"

Looks like the company got rid of their WOBble.

Tue, 07/22/2014 - 13:32 | 4988830 Remington IV
Remington IV's picture

Maybe we can have CDS's as well

Tue, 07/22/2014 - 12:19 | 4988360 JenkinsLane
JenkinsLane's picture

So long, Billy!

Tue, 07/22/2014 - 12:21 | 4988378 SHEEPFUKKER
SHEEPFUKKER's picture

Slick Willy!!

Tue, 07/22/2014 - 12:27 | 4988417 Dollarmedes
Dollarmedes's picture

So what? Jay Carney also left when his last shred of credibility was gone. Compulsive lying is a high-churn industry.

Tue, 07/22/2014 - 12:38 | 4988493 Otto Zitte
Otto Zitte's picture

They don't lie because its in their best interest. They lie because it is in their nature. This is their vulnerability...

Tue, 07/22/2014 - 13:55 | 4988990 NotApplicable
NotApplicable's picture

In this day and age, lying is the best job many can find.

Tue, 07/22/2014 - 12:19 | 4988364 medium giraffe
medium giraffe's picture

Via the top floor window?

Tue, 07/22/2014 - 12:25 | 4988403 ShorTed
ShorTed's picture

Good one.  +50  One can only wish!

Tue, 07/22/2014 - 12:31 | 4988429 medium giraffe
medium giraffe's picture

The interview re. Flash Boys. What a conceited little man.

Tue, 07/22/2014 - 13:10 | 4988683 taketheredpill
taketheredpill's picture

 

 

 

 

The Rats always leave the sinking ship early...

Tue, 07/22/2014 - 12:24 | 4988394 NoDebt
NoDebt's picture

The punchline:  You know, Spiderman, you're a real asshole when you're drunk.

Tue, 07/22/2014 - 12:26 | 4988411 ShorTed
ShorTed's picture

did they surrender to the undocumented former residents of central american shitholes?

Tue, 07/22/2014 - 12:19 | 4988369 Seasmoke
Seasmoke's picture

In horse racing speak. ..... a Ratterman for an O'Brien is a big rider switch. 

Tue, 07/22/2014 - 12:21 | 4988374 NoDebt
NoDebt's picture

"We don't do that!"

"Yes, you do."

"No, we don't!  That's a lie!"

Flash forward to the next day.... "Um, yeah, we actually do that."

Don't let the door hit you on the way out, asshole.

Tue, 07/22/2014 - 12:24 | 4988390 Itchy and Scratchy
Itchy and Scratchy's picture

Awwwww does this mean our orders won't be front-runned from now on? Darn, I used to love when they did that!!

Tue, 07/22/2014 - 12:28 | 4988425 NoDebt
NoDebt's picture

Let's not get ahead of ourselves now.  

Tue, 07/22/2014 - 12:39 | 4988505 Pure Evil
Pure Evil's picture

That dude has gone all Stockholm Syndrome on us.

Tue, 07/22/2014 - 12:26 | 4988410 Pumpkin
Pumpkin's picture

There are several things in this world today, reminding me of that acient symbol of the snake dervouring itself.

Tue, 07/22/2014 - 12:30 | 4988430 mtndds
mtndds's picture

JUMP FUCKER, JUMP!!!

Tue, 07/22/2014 - 12:30 | 4988441 kurt
kurt's picture

I guess he figured out what the meaning of "is" is.

Tue, 07/22/2014 - 12:31 | 4988446 Seasmoke
Seasmoke's picture

Perhaps one of the worst performances in public EVER !!!

Tue, 07/22/2014 - 12:36 | 4988476 blobbus
blobbus's picture

That obrien guy looks like he is high

Tue, 07/22/2014 - 12:38 | 4988497 yogibear
yogibear's picture

You need hackers to get into the HFTs to make the markets rigged it the other way. The hackers would be robin hoods.

Tue, 07/22/2014 - 12:47 | 4988553 Colonel Klink
Colonel Klink's picture

I'm sure he'll find a high ranking job in Government.  Revolving door between Fraud street and Washington, District of Criminals anyone?

Tue, 07/22/2014 - 13:00 | 4988640 Herdee
Herdee's picture

Seems like a real pompous asshole with an attitude problem.Bad for business perseption.If I could use a female expression here,I will.He reminds me of the CEO of JP Morgan who is just another stupid male jerk.

Tue, 07/22/2014 - 14:07 | 4989041 yield_curver
yield_curver's picture

I want to see a video of Bill O'Brien committing seppuku. (Japanese ritual suicide by disembowelment.)

Tue, 07/22/2014 - 14:22 | 4989135 Omen IV
Omen IV's picture

I dont watch CNBC much anymore but this was the best performance of the cause for truth i have seen in a long time

Wed, 07/23/2014 - 00:40 | 4991695 Tachyon5321
Tachyon5321's picture

So sad that this level of professional reporting at CNBC does not include the NEWS room. They lack any real meaningful dicussions about Obama's mismanagement of the country. If it had, Obama would have left the building years ago...

 

 

Wed, 07/23/2014 - 07:02 | 4992014 Chuck Knoblauch
Chuck Knoblauch's picture

Sacrifice the Goyim.

Wed, 07/23/2014 - 07:51 | 4992101 Chuck Knoblauch
Chuck Knoblauch's picture

Ratterman is a much better liar.

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