Its reputation recently damaged by charges of mismanagement, in 1962 the American Stock Exchange named Edwin Etherington its president. Writes CNN, he and executive vice president Paul Kolton were "tapped in 1962 to clean up and reinvigorate the scandal-plagued American Stock Exchange."
In 1962, the American Stock Exchange faced challenges due to accusations of mismanagement. To address these issues, Edwin Etherington and Paul Kolton were appointed to lead a turnaround effort.