See Dick [Grasso] Squirm

"We hold the companies listed on the NYSE to a high standard of accountability," says Francis Maglio, a self-made from blue-collar royalty, who owns a seat on the New York Stock Exchange. "The exchange itself has failed miserably to meet that standard."

The outrage that proves Maglio's point is the notorious $139.5 million pay package the exchange has handed its CEO, Dick Grasso. The pay shock has put America's top financial policeman, SEC chief William Donaldson, tight on his and the exchange's tail.