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Richard A Grasso

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BUSINESS
June 1, 1995 | SCOT J. PALTROW, TIMES STAFF WRITER
Richard A. Grasso, who today becomes chairman and chief executive of the New York Stock Exchange, says he plans to look abroad for help in overcoming the Big Board's growing competition at home. Grasso, 48, succeeds William H. Donaldson, 64, who last year announced his decision to step down. Grasso becomes the exchange's fifth chairman since that position became full time in 1972, and the first to have worked his way up through the ranks of the 203-year-old institution.
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BUSINESS
September 15, 2003 | From Bloomberg News
The New York Stock Exchange's charitable contributions to organizations affiliated with members of the board's compensation committee have climbed 63-fold since 1995 as Chairman Richard Grasso's pay soared. Donations to charities and civic and professional groups supported by members of the pay panel, which in August gave Grasso a package worth $140 million, rose to $1.3 million last year from $21,500 in 1995, according to NYSE documents.
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BUSINESS
August 10, 1990 | SCOT J. PALTROW, TIMES STAFF WRITER
William H. Donaldson, an investment company principal who at various times was an academic, undersecretary of state and co-founder of the Wall Street firm Donaldson, Lufkin & Jenrette, was selected Thursday to be the new chairman and chief executive of the New York Stock Exchange. Donaldson, 59, currently chief executive of the venture capital firm Donaldson Enterprises, is to assume the Big Board job on Jan. 1. He succeeds James J. Phelan Jr., 59, chairman since 1984.
BUSINESS
March 24, 1998 | TOM PETRUNO
Richard A. Grasso, 51, has been chairman and chief executive of the New York Stock Exchange since June 1, 1995. As such, he presides over the world's largest and best-known stock market. Now, with the planned merger of the NYSE's archrival--the Nasdaq Stock Market--with the American Stock Exchange, an old debate has been resurrected: Which is the best type of market for companies and for investors: an electronic network such as Nasdaq, which links brokers and investors nationwide via computers?
BUSINESS
March 24, 1998 | TOM PETRUNO
Richard A. Grasso, 51, has been chairman and chief executive of the New York Stock Exchange since June 1, 1995. As such, he presides over the world's largest and best-known stock market. Now, with the planned merger of the NYSE's archrival--the Nasdaq Stock Market--with the American Stock Exchange, an old debate has been resurrected: Which is the best type of market for companies and for investors: an electronic network such as Nasdaq, which links brokers and investors nationwide via computers?
BUSINESS
September 15, 2003 | From Bloomberg News
The New York Stock Exchange's charitable contributions to organizations affiliated with members of the board's compensation committee have climbed 63-fold since 1995 as Chairman Richard Grasso's pay soared. Donations to charities and civic and professional groups supported by members of the pay panel, which in August gave Grasso a package worth $140 million, rose to $1.3 million last year from $21,500 in 1995, according to NYSE documents.
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.
BUSINESS
July 27, 2006 | From the Associated Press
A judge Wednesday denied a motion by Home Depot Inc. founder Kenneth Langone to dismiss part of a lawsuit over executive compensation at the New York Stock Exchange that targets him. New York Atty. Gen. Eliot Spitzer has accused Langone, a former chairman of the NYSE's compensation committee, of misleading other board members about former stock exchange Chairman Richard A. Grasso's pay. At issue is Grasso's deferred compensation program, called a capital accumulation plan, or CAP.
BUSINESS
August 1, 1997 | From Bloomberg News
The New York Stock Exchange will move by year-end to drop a controversial rule that makes it almost impossible for a company listed on the Big Board to move to another market, Securities and Exchange Commission Chairman Arthur Levitt said Thursday. "The New York Stock Exchange will change Rule 500--abandon it--before the end of the year," Levitt said. "It's a rule that should be changed." Levitt said NYSE executives have told him of their intent to eliminate the rule.
BUSINESS
April 8, 2005 | From Associated Press
Marshall N. Carter, former chairman and chief executive of State Street Corp., was elected chairman of the New York Stock Exchange's board of directors, the exchange said Thursday. With experience in dealing with government as well as with Wall Street, Carter had been the front-runner to succeed John Reed, the former co-CEO of Citigroup Inc. who took over the chairmanship in September 2003, after former Chairman and CEO Richard A. Grasso resigned amid controversy over his pay package.
BUSINESS
June 1, 1995 | SCOT J. PALTROW, TIMES STAFF WRITER
Richard A. Grasso, who today becomes chairman and chief executive of the New York Stock Exchange, says he plans to look abroad for help in overcoming the Big Board's growing competition at home. Grasso, 48, succeeds William H. Donaldson, 64, who last year announced his decision to step down. Grasso becomes the exchange's fifth chairman since that position became full time in 1972, and the first to have worked his way up through the ranks of the 203-year-old institution.
BUSINESS
August 10, 1990 | SCOT J. PALTROW, TIMES STAFF WRITER
William H. Donaldson, an investment company principal who at various times was an academic, undersecretary of state and co-founder of the Wall Street firm Donaldson, Lufkin & Jenrette, was selected Thursday to be the new chairman and chief executive of the New York Stock Exchange. Donaldson, 59, currently chief executive of the venture capital firm Donaldson Enterprises, is to assume the Big Board job on Jan. 1. He succeeds James J. Phelan Jr., 59, chairman since 1984.
BUSINESS
July 24, 1991 | SCOT J. PATROW, TIMES STAFF WRITER
The National Assn. of Securities Dealers' board voted Tuesday to oppose a move by the New York Stock Exchange to open securities trading half an hour earlier than the current starting time of 9:30 a.m. Eastern time. The vote by the NASD's board of governors backs a campaign by San Francisco-based Montgomery Securities, the largest institutional broker in the West, to block the earlier opening.
BUSINESS
July 21, 1988 | BILL SING, Times Staff Writer
In a further attempt to rebuild investor confidence and expose sources of market volatility, the New York Stock Exchange plans to begin disclosing the volume of computerized program trading on an hourly basis, the exchange's president said Wednesday.
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