WALL. STREET: Who Are the Owners?


When G. Keith Funston resigned the presidency of Connecticut's Trinity College twelve months ago to become president of the New York Stock Exchange, he frankly confessed that he did not know much about the stock market. But when he asked the professionals the question "Who owns stocks?", he found that they did not have the answer either. So Funston persuaded the Exchange to hire the Brookings Institution to find out who does own the 5 billion shares of stock in the 2,300 companies listed on the nation's 20 exchanges and in the 2,700 companies with unlisted stocks. Last...

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