Former New York Stock Exchange chairman Richard Grasso, who was ousted in 2003 amid controversy surrounding his vast pay package, received compensation and benefits "far beyond reasonable levels," according to a report released by the NYSE.
In total, Grasso received roughly $144.5 million to $156.7 million in excessive compensation and benefits, according to the report by attorney Dan K. Webb of Chicago-based Winston & Strawn. The NYSE hired Webb in late 2003 to investigate Grasso's pay.
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