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.
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