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Article: Would you buy stock in this man? Dick Grasso, the former stock-exchange chief who went down in a dispute over his excessive pay, has big plans to show his enemies just how wrong they were.
- Article from:
- New York
- Article date:
- July 17, 2006
- Author:
CopyrightCOPYRIGHT 2006 New York Media. 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)
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Dick Grasso was hanging out at his spacious Locust Valley home, as he does most mornings these days, when the news hit: Hank Paulson, the head of Goldman Sachs, had been tapped by President Bush to be Treasury secretary. For Grasso, this was a double insult. First, this was a job he was supposed to have been on the short list for, before his ouster as chairman and chief executive of the New York Stock Exchange in 2003. Back then, Grasso was basking in a heroic glow for quickly reopening the stock exchange after 9/11.
Second, there was the fact that Paulson, a former NYSE board member, had led the charge to have Grasso removed after it emerged that he had stashed ...