|
|
Article: Grasso fallout: Is Big Board a small clique? $140 million retirement package challenges investor confidence in venerable stock exchange.(USA)
- Article from:
- The Christian Science Monitor
- Article date:
- September 19, 2003
CopyrightCOPYRIGHT 2003 The Christian Science Publishing Society. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Byline: Ron Scherer Staff writer of The Christian Science Monitor
NEW YORK -- The New York Stock Exchange, one of America's enduring symbols of American capitalism, is reeling.
Its chairman, Richard Grasso, has left in the wake of disclosures that he received eyebrow-raising compensation. Now, there is massive finger-pointing over how one of the nation's top regulatory institutions could fail to be as transparent as the companies it regulates. Everyone from Congress to the Securities and Exchange Commission is watching to see how the Big Board rights itself.
Such repair to the exchange's reputation is important to the financial markets. It is a ...