Now that NYSE is going to be a for-profit business, anyone else freaked?

Deja Q

(1000+ posts) Send PM | Profile | Ignore

Tue Dec-06-05 07:30 PM
Original message

Now that NYSE is going to be a for-profit business, anyone else freaked?

http://abcnews.go.com/Business/wireStory?id=1378769

They bought out a competitor, which makes me wonder how a not-for-profit company could generate enough money to buy a big-ass competitor so then it could become for-profit.

Whatever. I'm still wondering how the fuck anybody has any real choices in life when all choices revolve around money. An entity none of us chose to want to deal with yet have to in order to survive in 'society'.

Printer Friendly | Permalink | | Top

Tace

(1000+ posts) Send PM | Profile | Ignore

Tue Dec-06-05 07:32 PM
Response to Original message

1. Pardon Me While I Sneer At Anyone Holding NYSE Listed Stock

: )

Printer Friendly | Permalink | | Top

bryant69

(1000+ posts) Send PM | Profile | Ignore

Tue Dec-06-05 07:34 PM
Response to Reply #1

2. That could be a lot of us

Particularly if we have some sort of 401K plan that invests in mutual funds.

Bryant
Check it out --> http://politicalcomment.blogspot.com

Printer Friendly | Permalink | | Top

Newsjock

(1000+ posts) Send PM | Profile | Ignore

Tue Dec-06-05 07:44 PM
Response to Original message

3. Newspapers should now charge to run the NYSE listings

Since they're a business and all. (I can't take credit for the idea, but I lost track of where it read it somewhere in the past week.)

Printer Friendly | Permalink | | Top

sinkingfeeling

(1000+ posts) Send PM | Profile | Ignore

Tue Dec-06-05 09:22 PM
Response to Original message

4. Sh**, in the next 3 years EVERYTHING will be for profit with this

fascist regime!!

Printer Friendly | Permalink | | Top

NashVegas

(1000+ posts) Send PM | Profile | Ignore

Tue Dec-06-05 09:30 PM
Response to Original message

5. Explain This One to Me?

Sorry, but I'm of the financially clueless variety.

I'm surprised to know that the NYSE wasn't for-profit in the first place, as it is a profit-making enterprise.

Under the agreement, NYSE seat owners will receive more than $5 million for each seat, though only $300,000 of that will be in cash. The rest will be stock in the new company, which seat owners will be restricted in selling for up to three years.

How is it the company doing the buying (NYSE) is paying the money to NYSE seat-holders and not Archipeligo people?

Printer Friendly | Permalink | | Top

DU AdBot (1000+ posts)

Mon May 13th 2024, 01:48 PM
Response to Original message

Advertisements [?]

Top

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators

Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.