Word: funston
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Dates: during 1970-1979
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Through the mid-1960s, the job of heading the New York Stock Exchange was prosaic and long lasting. G. Keith Funston ran the Big Board for 16 years, from 1951 to 1967. But as reforms began eroding the "private club" nature of the largest and most important U.S. securities market, the boss's job has turned into a shaky one. Robert W. Haack, now chairman of Lockheed Aircraft Corp., was squeezed out after five years. Last week the climate of change proved too much for another Big Board chief. James J. Needham, chairman since 1972, resigned under pressure with...
...personas nor the performance of Robert William Haack seemed grandiose-until last week. Quiet spoken, looking younger than his 53 years, sometimes awed by the satraps of the Street, Haack had come across as more the manager and conciliator than the innovative leader. Unlike his predecessor, G. Keith Funston, who served the exchange as a supersalesman, Haack seemed like central casting's response to a call for a small-town doctor...