Brother Larry has also held high positions at Credit Suisse and Morgan Stanley and was formerly managing director and chief operating officer at UBS - "the leading global wealth manager". That makes Jon's older brother Larry Leibowitz "supremely" influential.
It costs a fortune just to buy a seat on the NYSE ...so how did brother Larry become COO? To become COO of the NYSE, Larry needed to first buy his way into the NYSE. He had to get millions from somewhere because that's what it costs to get in. Millions.
According to Wikianswers, "NYSE membership prices range, depending on various factors, its all time high was valued at $2.70 Million in 1999, however has dropped since, there are 1,366 seats in the NYSE".
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