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Richard Grasso, an American businessman, made significant strides in the world of finance as the former chairman and CEO of the New York Stock Exchange. Recognized for his leadership during a pivotal period of transformation in the financial industry, Grasso played a key role in modernizing and expanding the reach of one of the world's largest stock exchanges. His visionary initiatives and steadfast dedication to the integrity of the markets have left a lasting impact on global finance.
"This is a basic requirement the meaning of globalization is that we should admit that the economy of each country is dependent on the economy of all the others."
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"It should strengthen investors' confidence. This is done through transparency, high quality financial reports, and a standardized economic market. This is not just for China, but also for the world market as a whole."
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"Let's take a timeout. Let's allow investors the opportunity in a period of market calm to re-examine what's happened and to deploy new strategies into the marketplace."
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"The globalization of the capital market is actually part of economic globalization. This will create a change in the entire world economy, not just restricted to some fields in some countries."
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