Pub. Date:
ABC-CLIO, Incorporated
Unseen Wall Street Of 1969-1975 / Edition 1

Unseen Wall Street Of 1969-1975 / Edition 1

by Alec Benn


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Product Details

ISBN-13: 9781567203332
Publisher: ABC-CLIO, Incorporated
Publication date: 06/30/2000
Edition description: New Edition
Pages: 240
Product dimensions: 6.14(w) x 9.21(h) x 0.56(d)
Lexile: 1310L (what's this?)

About the Author

ALEC BENN, now retired, was president of Benn & McDonough, Inc., an advertising and public relations agency in New York City serving the financial and investment communities./e Previously a vice president at Doremus & Co., at that time the largest financial services ad agency in the United States, and before that a writer of industry studies at Merrill Lynch, Benn holds an engineering degree from Brown University and has studied writing and economics at New York University and Columbia University. He is author of Advertising Financial Products and Services (Quorum, 1986), The 27 Most Common Mistakes in Advertising, and The 23 Most Common Mistakes in Public Relations. Mr. Benn has also written articles and columns for publications in his fields, a TV drama, and an award-winning play.

Table of Contents


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 Much 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 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


Aftermath: The Perils of Partnerships


Stock, Prices, Volumes and Fails 1968-1973

Some Statistics Affecting Stock Prices and Volumes 1965-1975



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