Posted on 07/01/2008 4:59:22 PM PDT by Enchante
NEW YORK (Reuters) - Former New York Stock Exchange chief Richard Grasso won a knockout victory on Tuesday in his four-year fight to keep every last penny of his $187.5 million pay package, as an appeals court threw out the state's remaining claims against him.
The ruling, Grasso's second court victory in the past week, prompted New York Attorney General Andrew Cuomo to throw in the towel.
The New York Supreme Court's appellate division, in a 3-1 vote, dismissed two legal claims against Grasso brought by former Attorney General Eliot Spitzer in 2004.
The ruling follows a decision last week by the New York Court of Appeals, New York State's highest court, that dismissed other parts of the suit.
(Excerpt) Read more at news.yahoo.com ...
“Kristin” says it’s always nice to see Spitzfong take a good kick in the nuts...........
Good post...thanks
ENVY PROSECUTION.
"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." - Manuel II Palelologus
Nothing like voting with your feet, and that would be a massive "NO" vote to the state of New York.
Congratulations to a good Republican. Spend it wisely Mr. Grasso. (and hopefully on some good Obama 527s!)
Grasso was a looter, but he did it legally.Spitzer was a prick and he did it illegally, so the court has ruled.
Grasso didn't loot anyone. He worked for the NYSE for 40 years, leading it through the 9/11 crisis, and retiring with a fantastic parachute. 40 years for the same amount that Jason Giambi got in his Yankees contract after defrauding them by using steroids. Let's show some respect to a fine man and a loyal Republican, Dick Grasso.
Giambi got 187.5 million?
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