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Friday, September 21, 2007

NYSE Euronext (NYX) Separates from Gerald Putnam

The equity exchange's stock gained 5% after announcing that it entered into a separation and consulting pact with Gerald Putnam, the former vice chairman of NYSE Group, which is a subsidiary of NYSE Euronext. As of Sept. 10, Putnam was no longer considered an employee of the company, but he will act as a consultant for up to 12 months at a rate of $20,000 a month.

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