On May 17, 1792 a group of 24 stockbrokers – pioneers in a business that was still in its infancy – signed an agreement to trade only with each other and to charge their customers a standard commission. The brokers signed their historic agreement underneath a Buttonwood tree that stood on Wall Street, or so the story goes. The document has since been called the “Buttonwood Agreement” and marks the origins of the New York Stock Exchange.
How does a company stay successful for 220 years? Certainly by being best at what it does. Also by being able to see down the road and changing to meet new opportunities and challenges. All while remaining steadfast to its principles and true to itself.