Mr Reed, who was driving the car, and Natalie and Destiny, from Fencehouses, died at the scene.
Mr Reed was chairman and co-chief executive of the investment bank Citigroup before his retirement in 2000.
And there is now no heir-apparent to Mr Reed or Mr Weill, who are both getting old.
But Mr Reed, increasingly popular, kept fighting all the way back to the Supreme Court and eventually won.
Last month Mr Reed gave up the unequal task of bending the Republican leadership his way, and announced his resignation.
He said he wanted Mr Reed to be "free to do whatever is necessary to restore the integrity of the NYSE".
The prosecution alleged that Mr Reed's body was brought to the woodland and buried in a shallow grave inside a black suitcase.
The newspaper reports that Mr Reed wants a much wider review of corporate governance at the NYSE, and its role as a regulator.
But Mr Reed, vice-chairman of the Police Federation, which represents rank-and-file officers, said Mrs May's talk of reform was "a euphemism for cuts".
Mr Reed's plan, although well intended, does not go far enough.
ECONOMIST: Too modest. The Big Board must regulate itself no longer
Mr Reed has hinted he will step down once the merger process is complete though, strikingly, he has not been so rash as to set a date.
"We've been telling the government the need to give London the funding that's needed to provide the primary school places the parents want to see, " Mr Reed said.
In July they drew up new job descriptions, putting Mr Weill in charge of day-to-day operations, with Mr Reed touring Silicon Valley to plot out Citi's Internet strategy.
Mr Reed has confessed to initial difficulties in their relations.
According to a report in the Wall Street Journal, Mr Reed is scrapping a special board committee's report on what lessons the Grasso scandal holds for how the exchange is run.
Mr Reed also said the pay freeze would mean "a considerable sacrifice" for officers and their families, and accused the home secretary of undermining the Winsor review by making her speech ahead of its publication.
Mr Reed said the lack of a secondary school in the BS9 area is a huge concern for parents who want their children to go to a community senior school without having to leave the city.
He was "deeply angry and upset to discover that, owing to the deliberate destruction of documents by the News of the World, he will never find out the true extent to which his privacy was invaded, " Mr Reed said.
In a recent conversation, Mr. Reed walked through the turnout math and how his organization is trying to affect it.
Mr. REED: Well, the point is what they wanted to do was sort of stimulate the economy a little bit.
Early in our conversation, Mr. Reed mentioned that he had grandchildren.
Mr. REED: Well, the unfortunate part about it is you could - there's a strong argument to be made is that it doesn't really help the person who's stretched by their mortgage payments.
Mr. REED: And so, you know, you get to the end of the year, you play a good season, and you know - the tournament playoff system, it wasn't seeded the way a normal, traditional softball league was seeded.
Mr. REED: The person left holding the buck is going to be the investor at the other end of the table, the person who's - or the company, typically, a hedge fund or something like that who has bought that mortgage paper, that security or that bond from the company that lent you the money originally.
They saw it as a victory for their hero, John Reed, over Mr Weill, the Travelers man, who had until then been thought to be in the driving seat.
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