So you don't think there is at least an appearence of his being beholden to...Wall Street firms[?]
Oh no - I do. And to the extent that those Wall Street firms own seats or lease seats from owners, I would expect Grasso to be "beholden" to them. They are, as I indicated previously, the owners of the New York Stock Exchange, and as with any company - oil, mining, transportation, technology, ad infinitum - I'd expect the CEO to be accountable to the owners for all the entity does or fails to do.
And if a shareholder, I'd insist that the CEO be focused on my - our - interests. Wouldn't you?
(and, overlapping:)
[Those] same Wall Street firms who have been shown the last few years to have been taking retail investors to the cleaners[?]
Overwhelmingly, retail investors take themselves "to the cleaners;" as years, decades, and cycles pass, all that changes are the means through which they do so, and their reasons for doing so.
As for what has "been shown [in] the last few years," I've seen a lot of settlements in the past few years, with few if any actual lawsuits - let alone convictions - for fraud.
What are you referring to?
LPS5 |
