![]()
- Abu Dhabi Will Aid Debt-Fraught Dubai 'Case by Case'
- Banks With The Biggest Exposure to The UAE
- Dubai's Debt Woes Signal New Era for Creditors
- Next Week: Cash In Now Or Wait For A Santa Rally?
- Dubai Stock Selloff May Bring Buying Opportunity
- Longer Lines, Fuller Carts This Black Friday
- Big US Banks May Be Forced to Raise Capital: Bove
- Bank of America Amends Pay for Senior Executives
- Tiger Woods Out of Hospital After Accident
- U.S. Stocks Fall on Dubai Worries
- Black Friday at Best Buy
- Strategists on Dubai: Avoid 'Rash Moves' Now
- Longer Lines, Fuller Carts This Black Friday
- Dubai Stock Market Fear Has 'Legs': Dennis Gartman
- Obama's Emission Reduction Pledge Paints Future for Autos
- Is Super Bowl Halftime Act Too Old?
- Surprising Options Trades in TiVo Shares
- EA Sports Hopes to Pump Up Sales Through Pop-Up Locations
MOST SHARED
NYSE Group's [NYX
Loading...
()
] appointment of Duncan L. Niederauer as president and co-chief operating officer makes him the clear heir apparent to John Thain, according to CNBC's Gasparino.
Niederauer, currently a managing director of investment bank Goldman Sachs, will oversee U.S. cash equities operations at the operator of the New York Stock Exchange. His appointment is effective April 9.
The appointment comes as "Thain's unofficial timetable for stepping down as NYSE chief quickly approaches," Gasparino said. "When he took the job in late 2003, Thain set a three-to-five year timetable and that puts the due date roughly in 2009 which is only two years away."
Gasparino also said that Niederauer, a long-time advocate of electronic trading, will likely put "the final nail in the coffin" in the open outcry specialist system.
"He's been advocating the replacement of specialists with computers, which he consider more efficient and less open to fraud," he said.
The NYSE's current president and co-COO Gerald R. Putnam will become vice chairman with responsibility for technology, product development and options.
Catherine R. Kinney will continue to serve as president and co-COO along with Niederauer, and will be responsible for NYSE Group's global listings business, which includes listings sales and client services and NYSE Group's market data business.
- These four sectors will be the next to lead the market.
- Zhu Zhu Pets are this year's must-have toy, fetching $40 or more on eBay.
- From the why-didn’t-I-think-of-that file, we present Jason Sadler, a man whose job is wearing T-shirts.
- It may be the most unusual guide to business you'll read.
- Shopping for a gadget hound? The choices can be baffling. Here are a few that should be a hit.
- "The Who" will be the halftime act for Super Bowl XLIV on Feb. 7 in Miami. Is the NFL behind the times?












