Thursday, September 18, 2003
Ben White, Washington Post,
Ben White, Washington Post,
NYSE Ousts Grasso as Chairman
Size of Pay Package Drew Wide Criticism.
Grasso resigned as chairman and chief executive after board members participating in a conference call voted 13 to 7 to ask him to leave, to help restore investor confidence in the world's largest stock market. He had fought for more than two weeks to preserve his job after the exchange for the first time disclosed his pay package -- which included a lump-sum payment of nearly $140 million.
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Posted by Editor on 09/18/03 at 07:50 AM •
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