Fink describes Grasso as a "harmed animal" who sees himself battling to restore his tarnished integrity. That week he was the exchange--the public face of an institution that had otherwise gone dark. Virtually none of the traders at the exchange had any sense of the magnitude of Mr. And to Grasso, according to one insider, "Loyalty was 'Yes, Dick. The process by which Grasso's package was approved was appalling. The details of Grasso's pay package have infuriated many business and political leaders, coming after last year's corporate scandals and disputes over excessive executive pay. But while he has vowed to whip Grasso and Langone in court, the fight no longer ranks high on Spitzer's list of priorities.
CUTTING GRA$$O IN – EMBATTLED NYSE CHIEF SHAPED BOARD THAT PAID HIM
Once again Vedder was skeptical, calling the pre-retirement payout "rare" and adding that it presented "due diligence issues. Fink describes Grasso as a "harmed animal" who sees himself battling to restore his tarnished integrity. Even his dog, he said, turned up his nose at Mr. Grasso that will likely define his career and legacy.
Grasso's lawyer did not return a call seeking comment. But Grasso's old No. He was the new chairman, and any prior arrangement struck between Grasso and Langone was moot, since nothing had been voted on. Mittelstaedt notes that L. Namespaces Article Talk.
In the immediate aftermath of his departure, says one executive, NYSE employees were "walking around like zombies. Nothing good would come of putting the decision off, Fink argued--they were merely being asked to give Grasso money that by rights already belonged to him. Thank you for subscribing. After seating his victim in a chair, Grasso, his face flushed, would unleash a stream of venom. Others, including Mr. I'm blessed. An error has occurred.