Word: grasso
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...began watching the direct feed of the one event NYSE chairman Richard Grasso really wanted us to see: the well-polished head of NYSE chairman Richard Grasso delivering his opening line - "Welcome back to the greatest market in the world" - and preparing to ring the opening bell...
Until the bell actually rang, the reopening of the New York Stock Exchange on Monday - after its longest blackout since the "bank holidays" of the Depression - was hailed by every official personage, from President George W. Bush to New York Mayor Rudy Giuliani to NYSE chief Richard Grasso, as a victory for the capitalists over the terrorists...
...They have lost," Grasso said before the bell. Then maybe you had to wonder. Investors lopped 600 points off the Dow and 100 off the NASDAQ in under an hour, rolling both indexes back to lows nobody ever wanted to see again and very nearly wiping that relentless smile off Grasso?s face in the middle of his 10 a.m. press conference...
...NYSE chief Richard Grasso vows to anyone who asks that when the doors swing wide Monday and the opening bell rings at 9:30 a.m., the granite heart of American capitalism will pump money and investments just like it has always done. That when Mr. and Mrs. Public phone their broker or log onto their eTrade account to look to their retirement, the call - and the trade - will go through...
...taskmistress who demanded perfection from her employees--and torched them if she didn't get it--is legendary. Her friends say it's exaggerated. "I know she's a loyal and caring person. She asks nothing of her people that she doesn't ask of herself," says Richard Grasso, CEO of the New York Stock Exchange...