Uproar Erupts over NYSE Head Grasso's Pay Package NPR's Melissa Block talks with NPR's Jim Zarroli about the controversy surrounding New York Stock Exchange Chairman Richard Grasso and his $140 million compensation package. Some members of the Exchange's Board of Directors have said they didn't know Grasso was being paid so much -- but others have defended the package. Critics say Grasso's pay is enormous even by Wall Street standards and are raising questions about the independence of the board's compensation committee.
NPR logo

Uproar Erupts over NYSE Head Grasso's Pay Package

  • Download
  • <iframe src="https://www.npr.org/player/embed/1428331/1428332" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
Uproar Erupts over NYSE Head Grasso's Pay Package

Uproar Erupts over NYSE Head Grasso's Pay Package

Uproar Erupts over NYSE Head Grasso's Pay Package

  • Download
  • <iframe src="https://www.npr.org/player/embed/1428331/1428332" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">

NPR's Melissa Block talks with NPR's Jim Zarroli about the controversy surrounding New York Stock Exchange Chairman Richard Grasso and his $140 million compensation package. Some members of the Exchange's Board of Directors have said they didn't know Grasso was being paid so much — but others have defended the package. Critics say Grasso's pay is enormous even by Wall Street standards and are raising questions about the independence of the board's compensation committee.