[OldFriend]

On the contrary. Both firms got exactly what they paid for.......someone who would NOT see, NOT hear, NOT do anything.....

Now that arrests are imminent they see no reason to continue with the payoff.

[habs4ever]

The SEC has oversight and the ability to be punitive, so I think you maybe confusing the two bodies.The NYSE is much like the ABA in how it regulates and monitors its own members.The NYSE deals with trading issues, not corporate governance matters that are the purview of the SEC.

No matter, this pay packgae is akin to the man getting a % on every share of stock moved.It's like the Mafia.