, Columnist
Ex-NYSE Chief Liked SPACs So Much He Joined One
Tom Farley helped boost the market for blank-check companies.
Break on through to the other side.
Photographer: Bryan R. Smith/AFP/Getty Images
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Before leaving a powerful and prominent job, it helps to know you have another lucrative place to land. Tom Farley, who stepped down as the head of the New York Stock Exchange, was lucky enough to help lay the groundwork for his next opportunity.
Last week, the Big Board announced that Stacey Cunningham was taking over as president. The big news was that Cunningham is the first woman to run the exchange without sharing the president’s title in its 226-year-history. NYSE only allowed in its first woman member, Muriel Siebert, in 1976.