BusinessCompany NewsTop names lined up to replace Grasso

Top names lined up to replace Grasso

Following the resignation of Richard Grasso as chairman and chief executive of the New York Stock Exchange, a host of influential regulators and business gurus are doing the rounds as possible replacements.

Link: NYSE chief resigns over pay controversy

At present, former Citigroup co-chief executive John Reed is running the NYSE as interim chairman and chief executive.

Warren Buffet, the billionaire investment king, is seen as a possible successor as are Arthur Levitt, former chairman of the Securities & Exchange Commission, Paul Volcker, trustees chairman at the International Accounting Standards Committee, and former Treasury secretary Robert Rubin.

Even William McDonough, chairman of the Public Company Accounting Oversight Board, has been touted as possible successor, although this is unlikely as he has expressed no interest in leaving his current post, at at time when the audit watchdog is just beginning to bare its teeth.

Grasso resigned last week after details emerged of a massive $140m pay package, which sparked outrage from some state officials, calling for him to step down.

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