The New York Stock Exchange named Marshall Carter, the former head of institutional investor State Street Corp., as its chairman. Carter, 64, succeeds John S. Reed in that capacity. Reed, the former chairman of Citigroup, had headed the exchange after the rocky departure of Richard Grasso some 18 months ago. Grasso was forced out following a firestorm of controversy over an exorbitant pay package in the neighborhood of $140 million. Carter rang the exchange's opening bell April 8. He will share leadership duties at the NYSE with the exchange's chief executive, John Thain. Carter comes aboard at a time when the exchange is seeking regulatory approval to create a "hybrid" market featuring both electronic trading and the more traditional floor trading by brokers. A graduate of West Point and a former Marine who served in Vietnam, Carter also was a White House fellow at the State Department in the mid-1970s.
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The Public Company Accounting Oversight Board today sanctioned Goldman & Company, CPA's, Raymond Chabot Grant Thornton, and PWR CPAs.
July 11 -
The Senate passed a bipartisan bill that would provide tax-filing relief for taxpayers in states that have issued state-level disaster declarations, sending the bill to President Trump for his signature.
July 11 -
Wiss hosts third annual summer financial literacy program; Schneider Downs adds five shareholders; and more news from across the profession.
July 11 -
Plus, Abacus announces $6.6 million seed funding for agentic AI assistants; and other news and updates from the accounting tech arena.
July 11 -
Underhanded underground; down on the farm; reality check; and other highlights of recent tax cases.
July 10 -
Smith + Howard, an Atlanta-based Top 100 Firm, has opened two new tax practices: site selection + incentives and state and local income tax consulting.
July 10