NYSE In the hotseat

It may take the New York Stock Exchange’s directors months to debate the merits of scrapping its non-profit status. Seat-holders at the world’s biggest stock exchange aren’t waiting around for a decision, however. By bidding up the value of NYSE seats, they are betting the Big Board will go for profits – and make them rich. How rich? That’s not entirely clear because the NYSE has been run as a utility. While former boss Richard Grasso certainly made his money, maximizing profitability was not a...