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Strategies & Market Trends : Galapagos Islands -- Ignore unavailable to you. Want to Upgrade?

To: TimeToMakeTheInvs who wrote (52230)	5/26/2004 2:16:51 PM
From: LPS5	Respond to of 57110

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