NYSE's Ex-Chief Wins $187.5M Pay Package

from National Public Radio

A court ruled Tuesday that Richard Grasso is entitled to the $187.5 million compensation package from his job leading the New York Stock Exchange. He's been fighting to keep the money for the past several years. When details of his pay package were revealed in 2003, he became a symbol of corporate greed and was forced to retire.

Broadcast Dates

• Morning Edition, July 2, 2008