Tuesday, June 21, 2005

Future of Archipelago boss hangs on judge's ruling

Who is going to head thecombined NYSE-Acheipelago? Well officially it appears that there will be co-presidents, but that may change depending on a court ruling:

Future of Archipelago boss hangs on judge's ruling: "Putnam, chief executive of Archipelago, stands to become a co-president of the NYSE if the deal closes. But he also stands accused of cheating a former business partner out of a stake in a brokerage in the mid-1990s that evolved into Archipelago, an electronic exchange with a current market value of $1.6 billion."

Thanks to FL for the tip on this one. I had totally missed it.

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