German Dance (The landscape is very different).
Bloomberg intervista il 64enne Richar A.Grasso, che cominciò a lavorare come clerk alla Borsa di New York nel 1968 per 81 dollari la settimana. Col titolo significativo di “Come l’America ha ceduto alla Borsa tedesca i bastioni del capitalismo“, l’articolo di Bob Ivry, Whitney Kisling and Max Abelson commenta la fusione fra NYSE Euronext e Deutsche Borse, spiegando che “The 219-year-old symbol of American capitalism, now called NYSE Euronext, is about to complete a $9.42 billion merger with Deutsche Boerse AG (DB1) that will give the Frankfurt-based firm 60 percent of what would be the biggest exchange company in the world. The deal is the culmination of a decade of scandal, regulatory mandates and a technology arms race that opened the industry to electronic upstarts and forced the old Wall Street boys’ club to become an international company that makes most of its money from businesses other than stock trading.
E con rassegnazione, mista ad un po’ di stupore rispetto allo stipendio di oltre 40 anni fa, il buon Richard Grasso conclude che (…) Brokerages and high-speed trading firms can pay a basic fee of $8,000 a month to have their computer servers hooked up to the trading grid, where orders are executed, according to the NYSE Web site. The landscape is very different from the one Dick Grasso left eight years ago. “You know what? You never look back,” Grasso said, wearing a black suit with a pink tie and a 9/11 lapel pin depicting an American flag on a New York Police Department badge, during a recent interview. “The tape goes in one direction.” He thrust out his hand and moved it slowly, following an invisible stock ticker. “Remember that. It only goes in one direction.”
John Maynard 