Business & Finance: $48,000 Symbol

Ten years ago a graduating Yaleman named William McChesney Martin Jr. polled three votes as "most likely to succeed'' in his class. Last week 31-year-old Bill Martin was unanimously elected to the No. 1 financial job of Wall Street— president of the New York Stock Exchange. To the general public, which had heard rumors that the Exchange was considering for its first paid president such assorted personages as North Carolina's onetime Governor O. Max Gardner ex-Brain Truster Raymond Moley, and University of Chicago President Robert Hutchins, this was something of a surprise. To Wall...

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

Learn more about the benefits of being a TIME subscriber

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