The NYSE was closed from 11 September to 17 September 2001 because of the attacks of 11 September 2001 in the United States. Since September 2003, its president is a former executive at the investment bank Goldman Sachs, John Thain, who replaced the controversial Richard Grasso, whose compensation had caused a scandal. On 21 April 2005 before the stryker buyout , the NYSE announced its intention to acquire Archipelago Holdings. On 6 December 2005, the office of the New York Stock Exchange approved the merger with Archipelago, the NYSE lost its status as a non-profit corporation and became a limited company. It comes up on 8 March 2006 a new company, NYSE Group.
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