Richard Grasso
Richard Grasso
Richard A. "Dick" Grassowas chairman and chief executive of the New York Stock Exchange from 1995 to 2003, the culmination of a career that began in 1968 when Grasso was hired by the Exchange as a floor clerk. After the September 11, 2001 terrorist attacks, Grasso became the public face of the Exchange and was praised for his role in helping restart operations...
NationalityAmerican
ProfessionBusinessman
CountryUnited States of America
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I don't think there's any reservation, that Monday at 9:30 (a.m. ET), the opening bell as we've come to know it will ring here and trading will commence,
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The more important is question of the human issues, ... Today we're getting very positive reports of people being recovered alive. No one wants to interrupt that process. It's more important for the city ... that they have all the time necessary without any disruptions to get into that pile and get people out.
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A few short years ago, that would have been a good year,
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This positions us to be competitive on a global scale and brings investors the benefit of greater liquidity. I think it's very appropriate that we analyze the performance of the market in the pre and post decimalization period, with special attention being given to making certain that public investors are treated as well in decimals as they have been in fractions for the past 208 years.
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A large percentage of orders are entered in the hours after our close through about 10 p.m. EST,
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A separate entity would remove the cop on the beat, ... is not viewed as a profit drag, but ? as an investment in our brand and in building public confidence.
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Companies, not just California companies, but all publicly held companies who either do business in California or have shareholders in California will potentially be harmed by this proposition.
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It should strengthen investors' confidence. This is done through transparency, high quality financial reports, and a standardized economic market. This is not just for China, but also for the world market as a whole.
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A day doesn't go by when the market isn't on the most skittish and volatile path that I've seen in my 35 years at the Big Board. What's driving that is the simple insecurity, or if you will uncertainty of outcome.
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I think at the surface comparative level, they appear to be wildly different, ... But there are some very comparative similarities to the makeup of each. They are extraordinary intelligent and very creative in how they approach problems.
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Let us not forget the great tragedy that has befallen this nation, ... restoring the public confidence that this marketplace will be up and functioning.
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informed of the comments and the intentions of the New York State attorney general concerning his nomination.
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When I ran the stock exchange, it was the most successful it's been in its 200-plus-year history. And I was rewarded for success; I would not have been rewarded if we failed.
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When Sandy and I discussed his potential service, he reminded me of his full agenda as CEO of Citigroup and the demands upon his time,