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He didn't control the majority of stock.
The changes in stock trading also laid the foundation for the rise of high-speed trading firms that now account for a majority of stock trading.
Mr. Mayer's group is one of several opposing the company's proposed reorganization plan that would put the majority of stock in the new company in the hands of WorldCom bondholders.
They did say, however, that Mr. Allen's investment company, Vulcan Ventures, would hold a majority of stock in the merged company and that existing investors would continue to be shareholders.
Since the vast majority of stock and bond sales go through Wall Street, the Martin Act gives New York's Attorney General oversight power over much of the country's financial industry.
As with most frenzies, emotion, not reason, wins the day, especially when the majority of stock buyers have an intimate relationship with the product.
Similar(41)
The vast majority of stocks that make up the Standard & Poor's 500-stock index also moved higher.
The majority of stocks in Japan are still expensive on a price-to-earnings basis.
In the 1990's, the great majority of stocks rose in value.
If stocks with high prices tend to do better than stocks with low prices, the index can go up even if the majority of stocks go down.
"While a short squeeze has influenced some names, we think the improved economic data has been the more important driver for the majority of stocks.
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