What exactly did the resigning chairman of the New York Stock Exchange do wrong?
Editorial on Richard Grasso's exit, in The Economist
It (the NYSE) was a place where, on your word alone, millions of dollars change hands. The community was like a village square. I loved the integrity of the place.
Francis Maglio, ex-floor broker, NYSE, in Fortune
When you're in the movie business, you want your business card to say 'actor', 'director', 'star', 'driver'. You just don't want it to say 'shareholder'.
Robert Wright, CEO, NBC, in Fortune
The recent rally has just been delaying a much anticipated correction. It (duration of the rally) has been too long in the tooth.
Richard McCabe, chief market analyst,
Merrill Lynch & Co, in BusinessWeek.
Most brokerages do what is known as maintenance research. What we do is look for insights: The big changes that may be occurring.
