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Grasso's pay has been a subject of intense curiosity since May, when the Wall Street Journal reported that his compensation totaled $12 million last year. In the wake of recent corporate-accounting scandals, Grasso pushed hard for strict new N.Y.S.E. governance requirements, with a focus on transparency. So pressure has built for the Big Board to follow the same standards as its members. "It was Dick who said earlier this year, 'Look, times have changed,'" says N.Y.S.E. spokesman Robert Zito. By disclosing Grasso's pay while extending his contract through 2007, the N.Y.S.E. board ate its own cooking without...

Author: /time Magazine | Title: Big Board, Big Payday | 9/8/2003 | See Source »

DIED. JOHN GEOGHAN, 68, former priest imprisoned in 2002 for sexual abuse; after being attacked by a fellow inmate; in Boston. Revelations of Geoghan's misdeeds--130 people sued him for molesting them as children--led to a nationwide scandal for the Catholic Church after it was discovered that Geoghan and other similarly charged priests were moved to new parishes rather than prosecuted...

Author: /time Magazine | Title: Milestones Sep. 1, 2003 | 9/1/2003 | See Source »

...make a killing. In 1992, after Tarpishchev, Yeltsin's coach and longtime confidant, founded the National Sports Foundation (nsf), Yeltsin gave it the right to import untaxed alcohol and tobacco. In the next four years, some $9 billion in revenues was allegedly diverted from the nsf. The ensuing scandal helped drive from power the Kremlin faction Tarpischev belonged to, though he has denied wrongdoing and no one has ever been charged. Moreover, tennis also makes a nice place to park ill-gotten gains. "The dirty money invested in courts seems more presentable than the dirty money just tucked away," says...

Author: /time Magazine | Title: Tennis, Everyone? | 8/24/2003 | See Source »

...production: instead of walls, he has grids of rectangular jigsaw pieces flanked by walled mirrors. The set handsomely visualizes the play's core: a puzzle demanding reflection. On either side of the set are two rows of seats for members of the audience - our surrogates in considering the scandal that unfolds, silent (for the most part) judges in the trial, or magic show, that unfolds before them...

Author: /time Magazine | Title: George and Jerry Take London | 8/4/2003 | See Source »

While this building scandal might have cast more doubt on my choice to live in New York, it instead reinvigorated my love of a city made great by the variety of people that you can bump into on the bus, in a chic restaurant or in your lobby. The heart of New York does not change with the migration of yuppies to a new neighborhood or the destruction of a landmark. It exists in the wondrous possibility that your super is in the mafia, the cast of “Sex and the City” is shooting on your...

Author: By Anne K. Kofol, | Title: Soul Searching | 8/1/2003 | See Source »

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