markets has also been attributed to technology andthe fact that up to date information can be obtained instantly from anyplace in the world (Hoover, 1993, p. 4). But whatever has caused itglobal securities have skyrocketed. Before the organization and structure of the company a brief historyand explana-tion of the company will be discussed. A.G. Edwards & Sonswas founded in 1887 by Benjamin Franklin Edwards making A.G. Edwards &Son the first St. Louis brokerage to handle trades for the local bankson the New York Stock Exchange (Flagg, 1994, p. 56). Then three yearslater Benjamins younger brother joined the company changing the name toread A.G. Edwards & Sons (Flagg, 1994, p. 56). In 1898 Edwards bought aseat on the NYSE and then in 1900 opened its first office in New York(Flagg, 1994, p. 56). In 1925 Benjamins son joined the team and laterbecame a managing partner (Flagg, 1994, p. 56). One of A.G. Edwards &Sons greatest accomplishments in the past was the fact that on BlackThursday the single most largest lost was 5,000 dollars out of more thanone million dollars (Flagg, 1994, p. 56). This well managed eventproved that A.G. Edwards had what it took back then to make it in thestock brokerage industry. Later down the line A.G. Edwards & Sonsformed a type of mother company entitled A.G. Edwards Inc. which nowoversees many other businesses. To this day the company still displaysthese similar types of skills and that is why the industry has continuedto excel.Despite the fact that most people havent heard of A.G. Edwards Inc.,it is actually quite a large company. The corporation is described as a"holding company (Compact Disclosure, 1996,p. 1 (CD, 1996, p.1))." Thecorporation contains many subsidiaries which are the following: A.G.Edwards & Sons, Inc., Ceres Investment Co., Indianapolis HistoricPartners, AGE Commodity Clearing Corp., A.G. Edwards Life Insurance Co.,Edwards Development Corp., A.G. Edwards Trust Co., A.G. Edwards ...
