Word: grasso
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...surprised to read in "Big Board, Big Payday" that New York Stock Exchange chairman Dick Grasso will receive $140 million in deferred pay and retirement benefits [NATION, Sept. 8]. There is something wrong when CEOs, board members and upper-level corporate managers get millions in pay and benefits while lower-level managers and rank-and-file employees are laid off or asked to give back pay and benefits for the "good of the company." Why are executives getting these outrageous benefits? Because those who decide on the compensation are CEOs, board members and upper-level managers. When is the American...
...classic Horatio Alger story. Unfortunately, he was like Horatio Alger on steroids." JOHN C. COFFEE, Columbia University securities-law professor, describing the blue-collar background and $139.5 million pay package and other benefits of ex--New York Stock Exchange chairman Richard Grasso, who resigned amid anger over his compensation...
...Dust Won't Settle H. Carl McCall, chairman of the New York Stock Exchange's compensation committee, resigned following criticism of his public support for former NYSE chairman Richard Grasso's $140 million pay package...
...RESIGNED. Richard Grasso, 57, as chairman and chief executive of the New York Stock Exchange; in New York City. Grasso came under fire last month when it was revealed he would receive $139.5 million in deferred pay and retirement benefits...
...classic Horatio Alger story. Unfortunately, he was like Horatio Alger on steroids." JOHN C. COFFEE, Columbia University securities-law professor, describing the blue-collar background and $139.5 million pay package of ex-New York Stock Exchange chairman Dick Grasso, who resigned amid anger over his compensation