Last week the following were news: The president of the New York Stock Exchange serves for one year, the governors for four. Last week the nominating committee posted its slate for the May elections. Though talk of revolt against the Stock Exchange's die-hard policies had filled Wall Street for months. Richard Whitney was named for his fourth term and seven of the ten retiring directors were renominated. Nomination for president is tantamount to election. Nevertheless, it was clear that what for the Stock Exchange was a major shake-up had occurred. The three governors...
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