WALL STREET: Where to Sell Stocks

WALL STREET Where to Sell Stocks As the new $100,000-a-year president of the New York Stock Exchange, 40-year-old G. Keith Funston has the job of persuading the U.S. public to buy stocks. Funston, ex-president of Trinity College, thinks the task is similar to teaching young students the fundamentals of economics. Last week, in the Big Board's monthly, the Exchange, Teacher Funston gave his first lecture.

Because of taxes, said Funston, the rich can no longer provide most of the risk capital for U.S. business. The job will have to be taken up by people in the middle-and lower-income brackets, whose aggregate...

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!