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NYSE Nominates Ex-Secretary of State

May 02, 2003|From Bloomberg News

The New York Stock Exchange nominated former Secretary of State Madeleine Albright to its board of directors, a position first offered to Citigroup Inc. Chief Executive Sanford Weill.

Weill, head of the biggest financial services firm, was to have filled one of 12 seats on the 27-person NYSE board reserved for people outside the securities industry. He withdrew a day after New York Atty. Gen. Eliot Spitzer said it would be an "outrage" for him to represent small investors on the NYSE board.

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