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E-book
Author Benn, Alec, 1918-

Title The Unseen Wall Street of 1969-1975 : And Its Signficance for Today
Published Portsmouth : Greenwood Publishing Group, Incorporated ; Santa Barbara : ABC-CLIO, LLC [distributor]

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Description 1 online resource
Contents Preface -- Acknowledgments -- Some of the People of Historical Importance Who Appear in this Book -- How Members of The New York Stock Exchange Gained the Right to Sell Shares in Their Firms to the General Public Despite the Opposition of a Majority of the Members -- How the Central Certificate System Was Introduced and Other Early Bumbling with Computers -- The Hair-Raising Way Brokerage Accounts Came to Be Insured -- The Desirability of Permanent Capital -- Negotiating a Merger -- Obstacles to the Merger
How and Why Ross Perot Saved The New York Stock Exchange from Possible Collapse -- How The New York Stock Exchange Came Closer- Much, Much Closer- to Collapse the Second Time -- How a Giant Investment Firm Very Nearly Went Bankrupt in 1971, Potentially Causing Investors to Lose Millions of Dollars Despite the Existence of the Securities Investors Protection Corporation -- The Importance of Management Style -- The Reality of U.S. Government Employment -- How the U.S. Government Has Tried to Prevent Insider Trading- And Why It Has Failed
The Twists and Turns toward the Reorganization of The New York Stock Exchange -- How NYSE Commissions, Traditionally Fixed and High, Became Competitive and Low, Despite the Opposition of Most Members of The New York Stock Exchange -- An Unintended Consequence of the Imposition of Competitive Commission -- Rates: A Boom in Soft Dollars -- How a Defiant Stockbroker Virtually Single- Handedly Enabled All Members of The New York Stock Exchange to Sell Annuities -- The Biggest Stock Fraud in the District Attorney's Memory -- A Cliff-Hanging Merger Meeting -- Deja Vu
How and Why Discrimination Based on Class and Religion Declined on Wall Street -- The Different Reasons for the Decline in Racial and Gender Discrimination on Wall Street -- Significance -- Aftermath: The Perils of Partnerships -- Appendix -- Notes -- Selected Bibliography -- Index
Summary Annotation. "Alec Benn offers a look at America's investment community at a time of changes so profound that their impact and implications are still with us. Benn's book is based not on public relations handouts, but on frank, revealing talks with people who actually participated in the events of those tumultuous seven years, official oral histories (hitherto concealed), and his own observations."--BOOK JACKET. Title Summary field provided by Blackwell North America, Inc. All Rights Reserved
Subject New York Stock Exchange -- History -- 20th century
New York Stock Exchange
Securities industry -- United States -- History -- 20th century
Stock exchanges -- United States -- History -- 20th century
Securities industry
Stock exchanges
United States
Genre/Form History
Form Electronic book
ISBN 1567203337
9781567203332
9780313004490
0313004498