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-- his focus shifts to the sagging prospects have been IC -- divorce deal NASDAQ CEO Bob Greifeld.
Is quietly plotting his next move in -- Charlie Gasparino.
Is listening and.
I'd bet you million dollars million you don't know you let me know I want it had a question -- don't know who the chairman of the NASDAQ has been.
A million I don't know Bernie Madoff he pretty close people Q well let's now I mean this guy probably doesn't like being associated -- -- -- But I had to write it down it speech furlong.
Sounds -- -- anyway Bob Wright -- wants his job this is what we know right now it's kind of -- indeed let me know about him any.
-- pretty behind the scenes guy.
Bob record -- you know is CEO he's the chairman.
Corporate governance experts like this chairmen and CEOs of each of these exchanges split up.
The CME which as you know is -- -- a lot of pressure right now because of MF global -- I believe they have a CEO and chairman.
NASDAQ does as public right to base legal you know overshadows -- it it it this guy because that's what he is what it's it's a corporate governance thing.
But what the fox does network has learned that -- -- is now -- that chairman job why perfect question.
The reason why and this is where I'm getting this from people both internally.
And sort of an and -- analysts I spoke with the virtual pedal today at -- on the U.
It's it's a precursor to -- prop probable deal now here's the thing.
-- -- -- -- But assumes the power.
He's gonna have to give up one of those two seats.
He give up CEO would give up chairman probably give up chairman.
Let's give probably give a CEO if he merges with the Ellis -- the London Stock Exchange and we can I can tell you right now sources inside the NASDAQ -- -- in the Fox Business Network that he is hiding that does that mean.
That they got deal terms on the table.
I don't know that but I know he is still interested in a potential merger with a -- London Stock Exchange.
This is a precursor I know it sounds like.
You know sort of a little bit of -- we're in the weeds here but it's an interest to move both from a corporate governance standpoint because it does -- it does allow an orderly transition.
He merges with the OC he's PLC is a bigger market cap.
They're gonna wanna be CEO he doesn't have to give up his job.
He basically keeps that your study to -- day operations well -- who probably be of executive chairman.
And that's the interest in thinking like there are not executive chairman Jimmy -- got blown out of Bear Stearns she -- -- chair remember -- But.
He stayed as a non executive chairman.
No power was on the board but no power no day to -- management John Mack.
When he left as CEO handed -- to James Gorman of Morgan Stanley.
He remained as executive chairman until recently he's pretty much involved in in the -- India operations -- Morgan Stanley that's what this is essentially going to be so it's an interest to move.
On two points no one corporate governance these he wants assume all the power want he's clearly make it apparent move here but number two what everybody is saying -- -- people inside.
That you need to the NASDAQ this is a precursor to a deal.
It makes the transition easier he basically keeps these can still called -- -- And B and do a deal with with the LAC which he is clearly high and at which if he does that deal the people the London Stock Exchange are gonna wanna be CEO that's the bottom line.
Bigger market cap so -- is -- -- -- Everybody's had their attention turned to the other one half right -- is gonna make a -- you know he was he made a move on the New York Stock Exchange -- at this is his next move.
Where he extends big wary expands -- and LAC is still on the table -- pretty interesting development.
Yeah -- inserted -- -- China gets rid of thanks so much.
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