Article: Grasso Wins Round in Battle over NYSE Pay

REBECCA ROBERTS
NPR Morning Edition
05-09-2007
Grasso Wins Round in Battle over NYSE Pay

Host: REBECCA ROBERTS
Time 11:00-12:00 PM

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REBECCA ROBERTS, host:

It was one of the biggest controversies on Wall Street in 2003.

Dick Grasso, the head of the New York Stock Exchange, made more than $180 million. The amount was so high that when the full board of directors learned about it, they fired him. Then New York's attorney general sued Grasso, saying he was to give the money back. Grasso has been fighting back in an attempt to keep the money. And yesterday, a New York court ruled that the money is his.

NPR's Adam Davidson reports.

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