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Richard Grasso, Chairman, President and CEO, New York Stock Exchange

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Dick Grasso has been chairman and chief executive officer of the New York Stock Exchange since June 1, 1995. From 1988 to 1995, he was president and chief operating officer. While continuing in those positions, he became executive vice chairman of the Exchange on January 1, 1991. He is the first member of the NYSE management to be elected to any of these positions in the NYSE's 209-year history.

Mr. Grasso joined the Exchange in 1968. In 1973, Mr. Grasso became director of Listings and Marketing, in charge of adding qualified prospects to the NYSE's list of companies. In December 1977, he was promoted to vice president, Corporate Services, and in November 1981, he was appointed senior vice president, Corporate Services, with the added responsibility for liaison, coordination and support for all NYSE-listed companies. Mr. Grasso became executive vice president, Marketing Group, in 1983 and then executive vice president, Capital Markets, in May 1986, with responsibility for all financial products and the market data group.

Mr. Grasso serves on the board of directors of Computer Associates International Inc., and as vice chairman of the National Italian American Foundation. He also serves as a trustee of the Centurion Foundation, the New York City Police Foundation, the Trooper Foundation for the State of New York, and as a member of the New York City Public Private Initiatives Inc. He serves as chairman of the Economic Club of New York, as a member of the Yale School of Management advisory board, as a member of the Baruch College School of Business Advisory Council, as a member of the New York University Stern School of Business Board of Overseers, as a trustee of the Stony Brook Foundation, as a member of the National Advisory Board of the Leon and Sylvia Panetta Institute for Public Policy, and as a member of the Federal Reserve Bank of New York's International Capital Markets Advisory Committee. He is also a former chairman of Junior Achievement of New York and a former chairman of the YMCA of Greater New York.

Mr. Grasso has received an honorary Doctor of Laws degrees from Fordham University School of Law, Pepperdine University, Graziadio School of Business and La Salle University, and an honorary Doctor of Commercial Science degree from New York University and from Pace University.

He served in the U.S. Army from 1966-1968.

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The full text of Mr Grasso's interview is available in the Fall/Winter 2002 issue of SternBusiness. Read Mr. Grasso's interview in the online version of SternBusiness.