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Reply #3: is NYSE and name is Reed [View All]

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Whoa_Nelly Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Sep-21-03 11:55 AM
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3. is NYSE and name is Reed
NYSE Names Interim Chairman

Erin McClam
The Associated Press
Sunday, September 21, 2003; 12:26 PM

NEW YORK -- The New York Stock Exchange tapped former Citigroup chairman and CEO John S. Reed as its interim leader Sunday, less than a week after its previous chairman was forced to step down amid outrage about his compensation.

Reed, who left Citi in 2000 after losing a power struggle with then co-chairman Sanford I. Weill, will temporarily replace Dick Grasso, exchange officials announced at a hastily called news conference.

Reed worked at Citi, one of the world's largest investment banks, for more than 35 years before retiring in April 2000. He had been named CEO of Citicorp in 1984, and has been credited with building Citicorp into a corporate powerhouse through the 1990s, slashing staff and selling off unprofitable assets.

Since his retirement, Reed said he's been teaching and writing. He said he is stepping down as lead director of the board of Altria Group, the parent company of tobacco maker Philip Morris.

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