(BobKamp)
The Better Business Bureau is honored to announce that on August 15, 2022, the Metro New York BBB's chairman of the board, board members, CEO, representatives of founders and other BBB organizations, employees of the Metro New York BBB, and additional guests will ring the NYSE Closing Bell.
The bell ringing will commemorate the Metro New York BBB’s Centennial year. The Metro New York BBB was founded on June 6, 1922, to foster integrity in business, build marketplace trust, and combat scams, including financial fraud. The New York Stock Exchange joined forces with “truth in advertising” advocates and New York business leaders to establish the Better Business Bureau in New York City.
“We are humbled by what this special event represents: a century of promoting business integrity and educating consumers,” said BBB Metro New York's President and CEO, Claire Rosenzweig. “We are grateful to the New York Stock Exchange for its unique role in establishing our Better Business Bureau, and we are proud to return to the Exchange to kick off our next century of service.”
Eric Solomon, Senior Vice President of Client Solutions at Nielsen and the current Chairman of the Metro NY BBB’s Board of Directors, will perform the honor of ringing The Closing Bell®.
Joining Mr. Solomon and Ms. Rosenzweig on the bell podium will be leaders from within the BBB system—International Association of Better Business Bureaus CEO Kip Morse, and BBB of Upstate New York President and CEO Warren Clark—as well as members of the Metro New York BBB’s Board of Directors, many of them from NYSE-listed corporations.
Attendees are also expected to include Trustees of the Education & Research Foundation of BBB of Metro New York’s board, former BBB leaders, and representatives from several organizations that helped to establish the Better Business Bureau in New York City, including the New York Stock Exchange, as well as The Advertising Club of New York.
The New York Stock Exchange raised a large sum of seed money – at least $60,000 out of a proposed target of $100,000 - through a subscriber “canvass” of hundreds of donors, to help fund the BBB in New York City during its first years. James C. Auchincloss, a Governor of NYSE in 1921, helped establish NYC's Better Business Bureau and served in multiple roles such as Chairman, President, and Treasurer in its early years. Part of the new BBB's mission was to fight financial fraud, which is still a focus for the Better Business Bureau today.
The Advertising Club of New York established the first "Vigilance Committee"--a self-regulatory group formed to support the "truth in advertising" movement. This model committee evolved into the Better Business Bureau as it is known today. "Truth in advertising" remains a core part of the BBB mission.
Visit the Metro New York BBB’s Centennial website to learn more about the organization’s history and founding.
PHOTO AVAILABLE ON REQUEST: An image, provided by the NYSE Archives, of the NYSE Governing Committee resolution of May 15, 1922, that formalized the NYSE commitment to fund the establishment of the Better Business Bureau in New York City, typed on lined paper and signed by the Secretary of the NYSE “Library Committee.” Available provided the media outlet uses the credit line “Courtesy of the NYSE” with the image. Contact us for details.