Word: grasso
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Within FAS, meetings and coordinated activities to ensure Y2K compliance have been ongoing for the last two years, says Lenox C. Grasso, FAS' local coordinator for registrarial systems...
...Grasso jurisdiction covers many potential Y2K-related problem areas--computer networks, elevators, heating systems, research experiments, even ventilation hoods in chemical laboratories...
Since 1995, Grasso's office has been working to reprogram hundreds of database fields and computer applications that contain students' housing and course records...
Richard A. Grasso, NYSE chairman and CEO, remembers taking note of the situation on Friday, but not feeling any particular concern about how the market would behave come Monday. "There was a choppiness," Grasso told TIME. "There was a feeling that we had had two bad days. There was a feeling that the markets were weak in Asia and that there might be a spill-back. But no one expected a 550-point drop." Grasso felt confident enough to fly to Paris over the weekend for a Monday meeting. He was interrupted at 2 p.m. Monday in Paris...
...Paris, Grasso had set up an open line to the exchange from his room in the luxurious Hotel de Crillon, where he was host of a dinner. Grasso found himself giving a blow-by-blow account of developments in New York to his guests. "It made for an exciting dinner," says Grasso. But a forgettable meal. He barely touched the exquisitely prepared lamb that had been placed in front of him. He was scheduled to fly to Cairo on Tuesday but returned promptly to New York. "It was clear," he says, "that we were going to have another test...