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Should Dick Grasso Return the Dough?
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******************************** Should Dick Grasso Return the Dough? http://knowledge.wharton.upenn.edu/index.cfm?fa=viewfeature&id=953 It’s today’s $139.5 million question: Why doesn’t Richard Grasso, former chairman of the New York Stock Exchange, give back at least some of the nearly $140 million in compensation that he was granted by the NYSE’s board of directors? That the question is even being raised, of course, speaks to the sudden change in thinking about such issues as corporate governance and executive compensation. While some say that the New York Stock Exchange should be held as accountable as Grasso, right now it’s the former chairman who is facing the most public outrage. The sentiment among corporate governance experts at Wharton is that Grasso should a) give some of the money back, or b) at least start talking about giving it back.
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