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December 3, 2008 3:46:01 PM CST


Dick Grasso

Dick Grasso news stories

2 Stories

Former NYSE Chief Wins Fight for $187M Pay

State can't block
Grasso payout, says court, after bitter battle

(Newser) - The former chairman of the New York Stock Exchange has won an ugly 4-year battle to retain a mammoth $187.5 million compensation package.  A New York appeals court  dismissed an action initiated by then-Attorney General Eliot Spitzer challenging the payout for Dick Grasso as excessive, the Wall Street Journal reports. Grasso was ousted in 2003 after details of his pay package surfaced, sparking a nasty confrontation between Spitzer and Grasso, as well as the NYSE directors who approved the deal. More »

More about:  Eliot Spitzer executive compensation New York Stock Exchange appeal Dick Grasso

Corporate America Revels in Spitzer's Fall

Schadenfreude strikes onetime targets of 'Sheriff of Wall Street'

(Newser) - Wall Street is reveling in the fall of Eliot Spitzer, who as AG made exposing corruption highly personal, reports the Wall Street Journal. "He actually believes he's above the law," says ex-NYSE director Ken Langone, whom Spitzer sued for paying too much to the Big Board's CEO. "I have never had any doubt about his lack of character and integrity—and he's proven me correct." More »

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