I wouldn't object to Government having a representative on the exchange boards.

"If he seeks more, I think there will be a strong argument against him getting a penny," one lawyer close to exchange board said.

The résumé promoted the judge as a candidate for the exchange board.

"The settlement agreement in question was approved by the entire exchange board of directors after careful consideration," the statement from the exchange said.

The new contract, say bankers close to the exchange board, will not be as be generous.

Mr. McCall's resignation comes during a time of flux on the exchange board.

Earth was still an unlit button on the exchange board of the intergalactic communications network.

Mr. Grasso said he was "delighted and honored" by the exchange board's "vote of confidence in me."

Mr. Grasso said that the decision to surrender his claim to the additional $48 million was made by him and not the exchange board.

The exchange board meets tomorrow, when it is expected to announce a series of rule revisions to deal with market volatility.