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Jack Sandner, former Chicago Mercantile Exchange chairman, dies
Steven R. Strahler
Jack Sandner
Jack Sandner, whose epic battles with Leo Melamed over leadership of the Chicago Mercantile Exchange reflected and defined the tumult and outsider status of the city s futures markets, has died. He was 79.
Mr. Melamed confirmed Sandner s death. It s a sad, sad day, he said in a statement.
Mr. Sandner chaired the Chicago Mercantile Exchange in three stints during the 1980s and 1990s and was on the board in 2002 when it became the first exchange to go public, setting the stage for acquisition of its once dominant rival, the Chicago Board of Trade.