Marshall Carter, Chairman of the New York Stock Exchange, Teaches Leadership at Lally
           
 

On March 15, Lally welcomed Mr. Carter as a Distinguished Visiting Scholar. Carter spoke with MBA and MS students in MGMT 7070--Managing on the Edge on the topic of “Leadership in ‘Surprise’ Change Situations.” Carter also met with selected Engineering and Management undergraduates for an invitation-only Leadership Symposium.

Drawing upon his career experience of a hostile takeover attempt when he was serving as the as the CEO of State Street Bank, Carter conducted an experiential leadership case study seminar, challenging Lally students to develop on-the-spot presentations for the Board a takeover target company that finds itself in a crisis situation. 

Mashall N. Carter is Chairman of the New York Stock Exchange Group and Deputy Chairman of the parent company NYSE Euronext.  He has served as a director of the New York Stock Exchange since November 2003.  NYSE Euronext, a transatlantic exchange group that includes both the New York Stock Exchange and the American Stock Exchange (AMEX), is the world’s leading and most liquid exchange group, with both the highest average daily value of cash trading and the largest market capitalization of listed operating companies.  During 2008, 42% of the world’s cash equities trading volume took place on NYSE Euronext exchanges.   

Before joining the NYSE, Mr. Carter served as Chairman and CEO of State Street Bank.  Prior to State Street, Mr. Carter was with Chase Manhattan Bank for 15 years, in positions related to finance, operations and global securities businesses.  A former Marine Corps officer who was awarded the Navy Cross and Purple Heart during two years’ service as an infantry officer in Vietnam, Mr. Carter served from 1975-76 as a White House Fellow at the State Department and Agency for International Development. 

In Fall 2009, Carter delivered the Jerome S. Reinert ’56 Visiting Executive Series lecture entitled Navigating a Perfect Storm—Regaining Our Bearings After the Global Financial Crisis.”   More than 300 students, alumni, faculty, staff, and community professionals attended the lecture at Rensselaer’s EMPAC theater.

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