Amex Chairman And CEO Salvatore Sodano's Statement On The Nomination Of William H. Donaldson As SEC Chairman

"We welcome President Bush's selection of William H. Donaldson to head the Securities and Exchange Commission. Mr. Donaldson has a long record of accomplishments in both the public and private sectors, a combination of experience that makes him well suited for this important position. His understanding of the capital markets and his stated support for strong action to restore investor confidence ensures that he can make an immediate impact at this critical juncture. The American Stock Exchange is committed to assisting him and we look forward to working closely with him and the entire Commission."