Quotes About NYSE

When then-New York Attorney General Eliot Spitzer sued me in 2003 over my stewardship as a director of the New York Stock Exchange, the NYSE's legal expenses were more than $100 million, which made it perhaps the priciest litigation in the state's history.

The morning of the offering, NYSE officials on the floor passed out silver bells emblazoned with NYX on the handle. Traders were told to ring them with abandon at the open. While they were billed as a shiny memento, their true purpose—to drown out the expected chorus of boos and catcalls from disaffected specialists—spoke volumes about the turmoil behind the scenes.

At a cost of up to $10,000 per pod per month, it was a highly lucrative business for the NYSE. How the setup fit in with the notion that electronic trading created a level playing field for all investors was another question.

Mort drove one of those little hybrid cars that, when not running on gasoline, was fueled by idealism. It was made out of crepe paper and duct tape and boasted a computer system that looked like it could have run the NYSE and NORAD, with enough attention left over to play tic-tac-toe. Or possibly Global Thermonuclear War.

little hybrid cars that, when not running on gasoline, was fueled by idealism. It was made out of crepe paper and duct tape and boasted a computer system that looked like it could have run the NYSE and NORAD, with enough attention left over to play tic-tac-toe. Or possibly Global Thermonuclear War.