FYI: Nasdaq chief executive Adena Friedman is wrapped in a woody Washington steakhouse on a steamy August afternoon, slamming her fist on a table over frustration that a vibrant corner of the economy is not available to average investors.
The number of public companies is a fraction of what it was two decades ago, Friedman says. Too many businesses are staying private to avoid media scrutiny and government regulation. Early investment opportunities in growth companies have grown scarcer for people like you and me.
“Do you want to create more opportunity for the average investor to be able to benefit from the birth of these companies?” says the 49-year-old who oversees the stock exchange, a high-tech business where millions of people buy and sell ownership stakes in companies that amount to trillions of dollars a year. “To do that, you really need to bring companies back into the public market. You need to make the public markets more competitive.”
Regards,
Ted
https://www.washingtonpost.com/business/economy/nasdaq-ceo-is-on-a-mission--for-the-little-guy/2018/10/12/5b655fdc-c0df-11e8-90c9-23f963eea204_story.html?utm_term=.4a3d729a2ef7
