NPR logo

Thain Named to Head New York Stock Exchange

  • Download
  • <iframe src="https://www.npr.org/player/embed/1553308/1553309" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
Thain Named to Head New York Stock Exchange

Business

Thain Named to Head New York Stock Exchange

Thain Named to Head New York Stock Exchange

  • Download
  • <iframe src="https://www.npr.org/player/embed/1553308/1553309" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">

John Thain, a Wall Street insider and president of investment bank Goldman Sachs, was named Thursday as the new chief executive of the New York Stock Exchange. The move comes a day after federal regulators approved a plan to overhaul the NYSE leadership structure to avoid concentration of power — a reform effort launched following the ouster of ex-chief Richard Grasso. NPR's Jim Zarroli reports.