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Grasso Resigns as NYSE Chair After Weeks of Controversy
The Wall Street Journal ^
| September 17, 2003
| Susanne Craig and Kate Kelly
Posted on 09/17/2003 3:30:15 PM PDT by Timesink
Edited on 04/22/2004 11:49:55 PM PDT by Jim Robinson.
[history]
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.
(Excerpt) Read more at online.wsj.com ...
TOPICS: Business/Economy; Crime/Corruption; Front Page News; News/Current Events; US: New York
KEYWORDS: dickgrasso; nyse
1
posted on
09/17/2003 3:30:15 PM PDT
by
Timesink
To: Timesink
I wonder how big Grasso's severence package will be...
2
posted on
09/17/2003 3:32:36 PM PDT
by
Yo-Yo
To: nicollo
The saga continues...
3
posted on
09/17/2003 3:44:50 PM PDT
by
Molly Pitcher
(Is Reality Optional?)
To: Timesink
Did he use a gun? If not then;
the board that set the pay rate should be gone.
4
posted on
09/17/2003 5:01:42 PM PDT
by
DUMBGRUNT
(Sane, and have the papers to prove it!)
To: Timesink
I'll take the job for $85 per seat per month.
5
posted on
09/17/2003 5:15:30 PM PDT
by
taxcontrol
(People are entitled to their opinion - no matter how wrong it is.)
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