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John J Phelan

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BUSINESS
February 2, 1990 | SCOT J. PALTROW, TIMES STAFF WRITER
John J. Phelan Jr., who presided over the New York Stock Exchange during years of massive growth in trading volume and who shepherded the exchange through the 1987 crash, said Thursday that he will retire at the end of this year as chairman and chief executive. The exchange said its board appointed a committee to begin looking for a successor to fill one of the most prominent jobs in American capitalism. The board is expected to make a choice by late summer.
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BUSINESS
February 2, 1990 | SCOT J. PALTROW, TIMES STAFF WRITER
John J. Phelan Jr., who presided over the New York Stock Exchange during years of massive growth in trading volume and who shepherded the exchange through the 1987 crash, said Thursday that he will retire at the end of this year as chairman and chief executive. The exchange said its board appointed a committee to begin looking for a successor to fill one of the most prominent jobs in American capitalism. The board is expected to make a choice by late summer.
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BUSINESS
November 2, 1989 | From Reuters
Under pressure to calm Wall Street volatility, New York Stock Exchange Chairman John J. Phelan Jr. said Wednesday that he generally favored giving the Securities and Exchange Commission new powers to short-circuit computer-driven program trading. In the past, Phelan had taken the view that program trading strategies were here to stay, suggesting that investors should learn to live with a volatile market.
BUSINESS
November 2, 1989 | From Reuters
Under pressure to calm Wall Street volatility, New York Stock Exchange Chairman John J. Phelan Jr. said Wednesday that he generally favored giving the Securities and Exchange Commission new powers to short-circuit computer-driven program trading. In the past, Phelan had taken the view that program trading strategies were here to stay, suggesting that investors should learn to live with a volatile market.
BUSINESS
November 1, 1989 | DAVID A. VISE, THE WASHINGTON POST
New York Stock Exchange Chairman John J. Phelan Jr. said Tuesday that the stock market could be destroyed unless steps are taken to limit the wild swings in share prices that have the investment world in an uproar. "A lot of people think it is a New York Stock Exchange issue," Phelan said in an interview. "It is a national issue; liquidity in all markets and volatility in all markets.
NEWS
January 11, 1988 | PAUL RICHTER, Times Staff Writer
As Wall Street braced for what may be another difficult week, the chairman of the New York Stock Exchange on Sunday endorsed a presidential study group's conclusion that in effect blames the exchange's best customers for the October stock market crash. The exchange's John J. Phelan Jr.
BUSINESS
December 4, 1990 | From Times Staff and Wire reports
The retiring chairman and chief executive of the New York Stock Exchange, John J. Phelan Jr., will join the board of brokerage giant Merrill Lynch & Co. Phelan said earlier this year that he would step down at the end of 1990 after 6 1/2 years in the top post at the NYSE. He is being succeeded by William H. Donaldson.
BUSINESS
August 9, 1990 | From Reuters
The New York Stock Exchange board is preparing for an extraordinary meeting today at which the approval of William H. Donaldson as the new Big Board chairman is expected to be a top agenda item, sources familiar with the plans said. Several sources said the board has been expected to meet this month to approve the selection of Donaldson, one of three founders of the brokerage firm Donaldson, Lufkin & Jenrette Securities, to succeed retiring John J. Phelan Jr. at year end.
BUSINESS
November 11, 1986
China's top bankers, branching further into economic reform, met some of Wall Street's most powerful figures to seek advice over the complexities of raising enormous amounts of money through the sale of stocks and bonds. John J. Phelan Jr., chairman and chief executive of the New York Stock Exchange, is the leader of a U.S. delegation attending a four-day symposium at the invitation of the People's Bank of China.
BUSINESS
November 1, 1989 | DAVID A. VISE, THE WASHINGTON POST
New York Stock Exchange Chairman John J. Phelan Jr. said Tuesday that the stock market could be destroyed unless steps are taken to limit the wild swings in share prices that have the investment world in an uproar. "A lot of people think it is a New York Stock Exchange issue," Phelan said in an interview. "It is a national issue; liquidity in all markets and volatility in all markets.
NEWS
January 11, 1988 | PAUL RICHTER, Times Staff Writer
As Wall Street braced for what may be another difficult week, the chairman of the New York Stock Exchange on Sunday endorsed a presidential study group's conclusion that in effect blames the exchange's best customers for the October stock market crash. The exchange's John J. Phelan Jr.
BUSINESS
March 4, 1988
Robert J. Birnbaum will step down as president and chief operating officer of the New York Stock Exchange when his contract expires at the end of May and will be succeeded by Richard A. Grasso. Birnbaum, 60, who became NYSE president in 1985 after eight years as president of the American Stock Exchange, said in a statement that he is "interested in pursuing other interests and opportunities," including membership on corporate boards and possibly an association with a major law firm.
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