Wall Street: New No. 1 Salesman

The search for a successor to New York Stock Exchange President Keith Funston took a full seven months. This week, unless there is a last-minute change of mind, the Big Board will announce that it has found the man for the $125,000-a-year post. He is Robert W. Haack, 50, who as head of the National Association of Securities Dealers has been policeman of the nation's over-the-counter securities market for the past three years.

Haack's elevation, which is expected to be formally approved by the exchange's 33-man board of governors in May, will come none too soon. Because of Funston's lame-duck...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!