It is high time the NYSE's board members acknowledge that they, and not the CEO, are ultimately responsible for proper governance of the Big Board
Langone is trying to tap into the anger many Wall Street execs feel about the multiple roles played by Goldman Sachs in the deal -- it was the banker for the Big Board
, owns seats on the exchange and also owns part of Archipelago, the merger partner.
Some influential voices are beating the drums for radical, sweeping changes at the Big Board
, including a whole new set of directors and a division of the exchange's trading and regulatory functions.
Among those now listing on the Big Board
are Sybase Inc.
The producer of thermoplastic electrical products said it will work with the Big Board
to achieve the plan's goals by March 2004.
The electronics manufacturing services provider decided to move from the New York Stock Exchange after the Big Board
informed the company it will substantially raise the financial requirements for listing.
Despite the overall decline in the market, advancers are still outpacing decliners on the Big Board
by eight to seven, and by 14 to 13 on the Nasdaq.
The Big Board
may extend trading hours starting in July, giving investors more time to buy and sell stocks, the chairman of the New York Stock Exchange said Monday.
SEI's CEO, said that the move is being made to allow the company to enjoy the increased global visibility offered by the Big Board
AOL shares skidded 9 points to 153 on the Big Board
, despite a growing consensus that the company's earnings, scheduled for release after the close of trading Tuesday, would beat expectations of 9 cents.
In fact, even the big board
is getting in on the green game.
Dow member IBM was down more than 2 percent Monday and AOL lost 17 percent in leading volume on the Big Board