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Reed names the day in NYSE board shake up

John Reed will step down as chairman of The New York Stock Exchange in April. His successor will be chosen by the new board.

Reed took the job 18 months ago after Dick Grasso was ousted as NYSE chairman and chief executive over his $193m (€254m) compensation package. Grasso is being sued by Eliot Spitzer, the New York state attorney general, who claims the package was excessive.

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