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Dick Grasso Wins Wall Street

grasso_fresh.jpg
Great news! Dick Grasso, the Rudy Giuliani of the New York Stock Exchange, is free to receive his $187.5 million compensation package, after years of litigation. (Though this may go again to appeal!) See, the Exchange used to be a nonprofit, but in 2005 became a publicly traded company. So, even though Grasso stepped down back in 2003, the state no longer has any control over the now for-profit Exchange (says the court today) and can't attempt to recoup any of Grasso's settlement cash. Isn't that neat! The big ol' package was awarded to Grasso from a committee largely composed of members of companies that traded on the Exchange. Hoorah, now he is going to buy some cars or people or something.

By Choire Sicha   07/01/08 2:30 PM
File Under: Dumb Money, Pop, Rudy Giuliani
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I bet he's gonna buy a FLYING CAR!! And maybe a FLYING MONKEY! (Come on please please please monkeys please make Choire do it I can keep this up all day and you know it Balk.)

Posted by: jolie on July 1, 2008 2:44 PM

I had something topical to contribute but right now there's this leashed animal wearing a cap demanding I put something in his cup.

Posted by: KarenUhOh on July 1, 2008 2:53 PM

Karen, thank you for playing my reindeer games. Are you in need of a biggest fan by any chance? I have oodles of experience and come highly recommended (BALK! PLEASE HIGHLY RECOMMEND ME THANK YOU AND MONKEYS PLEASE THANK YOU DON'T WORRY EVEN IF I GET THE KARENUHOH'S BIGGEST FAN GIG I'LL ALWAYS LOVE YOU AND I WILL NOT LET MY NEW JOB GET IN THE WAY OF MY SERVICE TO YOU.)

Posted by: jolie on July 1, 2008 3:04 PM

Balk, did you eat all the tranquilizer darts again?

Posted by: KarenUhOh on July 1, 2008 3:27 PM

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Is this where the Michael Nesmith article will be appearing?

Posted by: KarenUhOh on July 1, 2008 3:36 PM