STOCK MARKET: Haack Steps Down

Robert Haack, 54, president of the New York Stock Exchange since 1967, has had to deal with a financial crisis that forced 129 Wall Street firms into liquidation or merger, with pressure from Washington for closer exchange control of brokerage houses and with a Board of Governors still dominated by clubby traders who resist change. Said Haack last year: "My job is to move these people into the 21st century." In the effort, he stirred considerable acrimony among board members last November by going over their heads and bravely calling for an end to fixed commission rates on large trades....

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