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NYSE Reforms Proposed

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NYSE Reforms Proposed

Business

NYSE Reforms Proposed

NYSE Reforms Proposed

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  • <iframe src="https://www.npr.org/player/embed/1491389/1491390" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">

The interim chairman of the New York Stock Exchange proposes sweeping changes in the way the organization is managed. The reforms follow the scandal over the $187 million pay package given to former Chairman Richard Grasso, who was forced to resign in September. Now the exchange is battling new allegations about the way it disciplines its floor traders. Hear NPR's Jim Zarroli.