Milestones Dec. 29, 2003

RECOVERING. COLIN POWELL, 66, Secretary of State; after a two-hour operation to remove a cancerous prostate; in Washington. A State Department spokesman said doctors expect him to make a full recovery.

APPOINTED. JOHN THAIN, 48, president of investment bank Goldman Sachs; as chief executive of the beleaguered New York Stock Exchange; in New York City. Thain, a well-regarded technocrat, will take over the CEO post from interim chairman and chief executive John Reed, who will remain chairman under a new structure that splits the chairman and CEO jobs. Both were held by Dick Grasso, who resigned in September in the wake...

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