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StumbleLetter: NYSE chief paid for not doing job
Tuesday, Sept. 9, 2003 | 9:21 a.m.
The recent articles describing the $139.5 million compensation package for Richard Grasso, chairman of the New York Stock Exchange, clearly indicate the problem with our business community.
He has been chief executive officer since 1995 and oversaw the lack of regulations that destroyed the security of many Americans. To pay him the reported compensation for not doing his job is ludicrous.
The present board of the NYSE is to blame for compensating Grasso for not doing his job.
LOU de BOTTARI Carson City
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