New York (May 25, 2004) – New York Attorney General Eliot Spitzer has found another symbol of business excess to target – former New York Stock Exchange chief executive Richard Grasso.

Spitzer announced today that he is suing Grasso in hopes of recovering over $100 million of the close to $140 million in compensation the NYSE paid its former CEO. Contractually, Grasso was due close to $190 million, but resigned last fall in the face of public outrage at his pay package.

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