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After weathering World War II and assisting the federal government in the sale of seven giant defense loans, the NYSE entered the 1950s with a plan to gain the confidence of new investors. In June 1953, the Exchange admitted its first member corporation, Woodcock, Hess & Co., expanding on rules that had limited memberships to partnerships. In January 1954, the Exchange inaugurated a Monthly Payment Plan, in which stocks could be purchased with regular payments. And in February of that year, the push to broaden public ownership fostered a print and radio campaign of public education with the theme: 'Own Your Share of American Business.'
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The NYSE report includes recommendations to Congress and the U.S. Securities and Exchange Commission (SEC). However, these recommendations remain silent on the issue of staggered boards. Proponents of staggered terms for directors argue that the strategy protects against hostile takeover bids. However, staggered boards ... make it more difficult for shareowners to change the composition of boards. Many corporate governance advocates thus oppose staggered boards. The upcoming edition of the Stanford Law Review includes an article by three Harvard University professors documenting how staggered boards erode shareowner value.
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NYSE Euronext (NYSE Euronext: NYX), the world's largest and most liquid exchange group, today reported record transaction volume in its U.S. cash equities trading operations on NYSE Group exchanges with 5.73 billion shares traded, based on preliminary results. Additionally, the NYSE ... achieved new records in orders, trades and quotes. So far this month, trading volume on NYSE Group U.S. cash equities markets in August 2007 is 110% higher than August 2006.
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CLEVELAND, Aug 7, 2002 /PRNewswire-FirstCall via COMTEX/ -- Directors of PolyOne Corporation (NYSE: POL) today declared a quarterly dividend of 6.25 cents per share of common stock. The dividend is payable September 16, 2002 to shareholders of record at the close of business on August 30, 2002.
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