Counter-intuitive: Savings justified Grasso payout
The New York Stock Exchange said its $140 million payout of Richard Grasso will save it $3.5 million this year. That's great, but what justifies paying a CEO $1.4 million a year in salary with guaranteed bonus of at least $1 million when the company he operates earns just $28 million a year? This is the wrong precedent to set, methinks.
Posted by Mitch Ratcliffe at September 2, 2003 06:19 AM | TrackBack