NYSE CEO Feeling Shareholder Pressure to Consider Bid from Nasdaq

FBN’s Charlie Gasparino reports there is the “beginnings of an uprising” within the New York Stock Exchange (NYSE). Sources tell Gasparino “two major shareholders, executives at T. Rowe Price and Legg Mason” are “turning directly to Duncan Niederauer” and “demanding” that he consider the bid from Nasdaq.

Excerpt ; courtesy of Fox Business Network.

On what shareholders of the NYSE are asking of CEO Duncan Niederauer:
“I think you see the beginnings of an uprising going on right now. FOX Business Network has learned major shareholders are turning directly to Duncan Niederauer and demanding that he do what they have always wanted in the past; they want him to accept, consider, look at, study the bid from the Nasdaq. We understand two major shareholders, executives at T. Rowe Price and Legg Mason, have approached Niederauer directly. Bill Miller said at the Buffett shareholder conference point blank he wanted the New York Stock Exchange to look at the Nasdaq deal. We understand he has gone to Niederauer and said the same thing.”

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