NYSE Nominates Ex-Secretary of State

From Bloomberg News

The New York Stock Exchange nominated former Secretary of State Madeleine Albright to its board of directors, a position first offered to Citigroup Inc. Chief Executive Sanford Weill.

Weill, head of the biggest financial services firm, was to have filled one of 12 seats on the 27-person NYSE board reserved for people outside the securities industry. He withdrew a day after New York Atty. Gen. Eliot Spitzer said it would be an “outrage” for him to represent small investors on the NYSE board.