Article: Grasso's gross-out; The New York Stock Exchange.(That pay packet)(Richard Grasso)

Now ride off into the sunset

The NYSE's chairman sets a new standard for executive compensation

RICHARD GRASSO, the chairman of the New York Stock Exchange (NYSE), calls himself the CEO of capitalism. His behaviour may shed light on why both chief executives and capitalism are widely disliked. In a stiff bear market, as investors in companies trading on the NYSE lost billions, and as investment banks supposedly regulated by the exchange were shown to have acted grubbily, Mr Grasso quietly accumulated a fortune.

In June, under pressure from the Securities and Exchange Commission (SEC), the NYSE said that it would provide information about Mr ...

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