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.
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements