A weblog that catalogs what's shaping the thinking at the DSB Policy Institute.

Wednesday, August 27, 2003

DSBPI loves this quote from the NYT regarding Richard A. Grasso's (head of NYSE) $140mm payday:

"This is a phenomenal, unrisked return for the head of a quasi-public organization," said Charles M. Elson, chairman of the corporate governance program at the University of Delaware. "Its really a staggering sum because it's cash that was never at risk. It's mind-boggling, more of an entrepreneur's fortune and may well be more than the earnings of some of the companies that trade on the exchange."

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