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- MILESTONES, Page 57
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- RETIRING. John Phelan, 58, soft-spoken chairman of the New
- York Stock Exchange since 1984; at the end of this year; in New
- York City. During his reign, he guided the Big Board toward the
- computer age, enabling it instantly to process massive volumes
- of buy and sell orders. In the wake of the October 1987 crash,
- Phelan helped restore order in the market.
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