NYSE Chairman And CEO Dick Grasso Applauds Nomination Of William H. Donaldson As SEC Chairman

"President Bush has made an outstanding choice in nominating Bill Donaldson as chairman of the Securities and Exchange Commission. Bill has a unique combination of public- and private-sector experience and his achievements as a seasoned and respected business leader, public official and academician are well documented. He is an entrepreneur and true patriot who will bring to the Commission his strong commitment to investor protection as well as his vision of extending the U.S. equities markets' role as the most efficient and competitive in the world."