Grasso Resigns as NYSE Chair After Weeks of Controversy

The Wall Street Journal ^ | September 17, 2003 | Susanne Craig and Kate Kelly

[Timesink]

Dick Grasso resigned as chairman of the New York Stock Exchange Wednesday, offering to quit after the board held an emergency meeting to discuss the embattled chief's fate shortly after the close of trading.

Mr. Grasso, under fire for what many on Wall Street called an excessive pay package that saw him walk away with $139.5 million a few weeks ago, tendered his resignation at the meeting, and the board accepted, sources say.

[Yo-Yo]

I wonder how big Grasso's severence package will be...

[Molly Pitcher]

The saga continues...

[DUMBGRUNT]

Did he use a gun? If not then;
the board that set the pay rate should be gone.

[taxcontrol]

I'll take the job for $85 per seat per month.