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Schumer on the NYSE Merger
futureofcapitalism.com

Reuters and the Wall Street Journal both have coverage of Senator Schumer's press conference about the proposed merger between Deutsche Boerse and NYSE Euronext. Reuters: "Schumer told reporters he met with NYSE Euronext Chief Executive Duncan Niederauer -- who would lead the combined entity -- on Friday and again on Saturday." The Journal says Mr. Schumer, "liked the fact that Mr. Niederauer would remain CEO," but is insisting that NYSE come first in the name of the new entity.

Neither news organization asks why Mr. Schumer rather than the owners of the company should be deciding its name or who will manage it, or why a top executive would be spending his time meeting twice with the senator rather than working on closing the deal and planning for the merged company.

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Schumer on the NYSE Merger
futureofcapitalism.com

Reuters and the Wall Street Journal both have coverage of Senator Schumer's press conference about the proposed merger between Deutsche Boerse and NYSE Euronext. Reuters: "Schumer told reporters he met with NYSE Euronext Chief Executive Duncan Niederauer -- who would lead the combined entity -- on Friday and again on Saturday." The Journal says Mr. Schumer, "liked the fact that Mr. Niederauer would remain CEO," but is insisting that NYSE come first in the name of the new entity.

Neither news organization asks why Mr. Schumer rather than the owners of the company should be deciding its name or who will manage it, or why a top executive would be spending his time meeting twice with the senator rather than working on closing the deal and planning for the merged company.

Read More...


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Joseph Giannone

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