BusinessCompany NewsGrasso under pressure over pay deal

Grasso under pressure over pay deal

Richard Grasso, the chairman of the New York Stock Exchange, maybe ousted from his job over his massive pay package.

Link: NYSE chief faces SEC wrath over pay deal

Grasso is due to receive a whopping $140m (£88m) from the NYSE, but this is now being investigated by the Securities & Exchange Commission.

In addition both New York’s state comptroller and California’s state treasurer are calling on Grasso to resign, the BBC Online reported.

Grasso has been chairman of the NYSE since 1995 and has spent his entire 35-year career with the stock exchange.

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