Word: finks
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Grasso's pay while extending his contract through 2007, the N.Y.S.E. board ate its own cooking without appearing to criticize the man who has led the exchange through boom, bust, national disaster and scandal. "We wanted to announce to the world a vote of confidence for Dick," said Laurence Fink, CEO of the investment firm BlackRock and a member of the N.Y.S.E.'s compensation committee...
...applaud the new disclosure, but they are still amazed by the numbers. "That's a phenomenal sum for a regulator," says Charles Elson of the University of Delaware's Center for Corporate Governance. The N.Y.S.E.'s compensation committee, however, doesn't compare Grasso's paycheck to those of regulators. Fink says it looks instead to financial conglomerates and investment banks. Elson says those comparisons don't make sense; unlike a public company, the N.Y.S.E. has no stock to rise or fall with Grasso's performance...
...This year the book has travel as the theme, and while not quite as satisfying as last-year's biography-based book, there are some strong standouts among the contributions from over 40 different artists. Jessica Fink's "Baggage" tells a harrowing autobiographical tale of being kidnapped by her deranged father when she was in middle school. The story of moving around from empty movie theaters to dumpy motels ultimately becomes the story of being able to move on in one's life. On the opposite scale, R. Sikoryak pulls off another of his perfect-pitch satires, this time...
Democratic leaders had touted Fink as one of the party’s brightest stars, especially given his fundraising abilities. Through mid-October, Fink had raised $1.2 million and contributed the same amount of his own money to his campaign. Knollenberg had raised $1.9 million...
...Fink has tried to paint Knollenberg as too conservative for the district. The two candidates have sparred over, among other issues, environmental protections and the proper course for potential U.S. action against Iraq...