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.
Register or login for access to this item and much more
All Accounting Today content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access