Word: bonus
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...compensation committee until this year. No one disputes that Grasso, 57, is an effective leader. On his watch, the exchange has won hundreds of listings, improved trading capacity and expertly navigated the Sept. 11 crisis. For Grasso's 9/11 efforts alone, the board awarded him a special bonus of $5 million...
...first one to know, so that’s an added bonus,” he said...
OCTOBER 2003 TIME BONUS SECTION INSIDE BUSINESS...
Setting Carnivale in the apocalyptic time of the Bonus Army and Hitler's rise was inspired, and the show looks as spectacular as we expect from HBO; it captures Middle America in a million luscious shades of brown and pulls off the occasional novel, spooky image. But we also expect the home of Tony Soprano to give us characters with well-imagined inner lives. Brother Justin comes across as a typical whited sepulcher--if there's one thing more trite than a dwarf in a surreal drama, it's a preacher with a dark side--and Brown's campy performance...
Last week's bombshell may not be the last. Next spring the N.Y.S.E. will disclose more details about top executives' compensation, including Grasso's bonus for this year and perks. As Teslik points out, "It's reflected in the cost of every trade." Open books inspire confidence among investors, but the N.Y.S.E.'s open wallet may only remind them of the Street's greedy past...