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Tuesday, July 22, 2008

Grasso May Get to Keep $190 NYSE Pay After Second Appeals Win

For over four years, former NYSE chief Dick Grasso had barbs thrown at him from every which direction over his controversial pay package. But in the end he is the last man standing. His initial accuser, Eliot Spitzer, has resigned in disgrace, and his former employer is now a for-profit entity, rendering the charges of unreasonable compensation for the head of a non-profit moot.

Read more at Bloomberg http://www.bloomberg.com/apps/news?pid=newsarchive&sid=alPCFuARFrbU

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