Financial History Issue 116 (Winter 2016) | Page 8
THE TICKER MUSEUM NEWS
Charles Schwab and
Robert Rubin at 2016 Gala
The Nasdaq Composite Index closes above
5000 for the first time, finishing the day at
5046.86, up 149.60 — a mere 48 trading
days after breaking the 4000 barrier.
6 FINANCIAL HISTORY | Winter 2016 | www.MoAF.org
Photos: Elsa Ruiz
More than 430 people attended the Museum’s 2016 Gala on January 12, which honored the achievements of two financial leaders in
both the public and private sectors. The event began with cocktails
at the Museum, giving guests the opportunity to view the new gold
exhibit, and then continued with dinner at Cipriani Wall Street.
At the 2016 Gala, the Museum inaugurated the Financial Innovation Award, which recognizes individuals who have introduced new
markets or new financial instruments to the US financial system.
The first honoree for this Award was Charles R. “Chuck” Schwab,
founder and chairman of The Charles Schwab Corporation. Often
credited with “democratizing” investment, Mr. Schwab has driven
countless innovations in the investment services industry designed
to help individuals make the most of saving and investing. Mr.
Schwab was introduced by his long-time friend and colleague
George Roberts, co-founder of Kohlberg Kravis Roberts (KKR).
Robert E. Rubin was also honored as the eighth recipient of the
Whitehead Award for Distinguished Public Service and Financial
Leadership. Named after John C. Whitehead, former Deputy
Secretary of State and co-chair of Goldman Sachs, the Whitehead Award recognizes leaders who have both demonstrated
great achievement in the field of finance and served with distinction in the public sphere. Mr. Rubin spent 26 years at Goldman
Sachs, ultimately as co-senior partner, before joining the Clinton
Administration as the first director of the National Economic
Council. In January 1995, he became the nation’s 70th Secretary
of the Treasury. Mr. Rubin was introduced by former Secretary of
the Treasury Timothy Geithner.
“I cannot think of two more iconic figures than Robert Rubin and
Chuck Schwab to receive these prestigious awards,” said Museum
President David Cowen. “Mr. Rubin, through his leadership on
Wall Street and within the federal government, is ideally suited to
receive the Whitehead Award. And Charles Schwab is the perfect
inaugural Financial Innovation Award recipient, given his many
creations that assisted and championed the individual investor.”
The 2016 Gala was the Museum’s most successful to date in
both attendance and revenue. The event raised more than $1.25
million to support the Museum’s educational and programmatic
On one of the quietest days in Wall Street
history, the market is open, but not a single
share of stock changes hands.