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NYSE Chief Grasso Resigns

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NYSE Chief Grasso Resigns

Business

NYSE Chief Grasso Resigns

NYSE Chief Grasso Resigns

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  • <iframe src="https://www.npr.org/player/embed/1434813/1434814" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">

Richard Grasso, chairman and chief executive of the New York Stock Exchange, resigns amid a public outcry over his $140 million compensation package. Grasso had been under mounting pressure from board members, shareholders and financial industry executives who called his pay excessive for the head a regulatory body. Hear NPR's Jim Zarroli.