I can discern no clear message from this clever post. Are you demonizing Welch along with the popularly demonized Grasso? Or being poetic? For starters, Grasso's compensation is no one's business but his and the NYSE's -- it was privately held at the time.
Welch, Grasso, and Raymond each ran or run enterprises that are so integral to civilized life as to be taken completely for granted. If any were to be run into the ground tomorrow -- by gross mismanagement, let's say, due to a mediocre CEO earning a mediocre wage -- it couldn't be replaced at any cost -- though the world would promise $400 million dollars a year for life to anyone who could even act like he was capable of running it.
I wonder if Raymond will break down in abject apology and beg the world for forgiveness like GE's Jack Welch, or stand firm and proudly declare he was worth his severance package like NYSE's Dick Grasso?Oh, we're on the same page on this issue. Poetic? That's for you to decide. :-)I can discern no clear message from this clever post. Are you demonizing Welch along with the popularly demonized Grasso? Or being poetic? For starters, Grasso's compensation is no one's business but his and the NYSE's -- it was privately held at the time.