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NYSE Board Seeks New Chairman

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NYSE Board Seeks New Chairman

NYSE Board Seeks New Chairman

NYSE Board Seeks New Chairman

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  • <iframe src="https://www.npr.org/player/embed/1435629/1435630" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">

NPR's Jim Zarroli reports that one day after the resignation of Chairman Richard Grasso, the New York Stock Exchange is trying to figure out who will be Grasso's successor. The NYSE board still faces questions about the way it operates and why it approved the pay package it now finds unacceptable. Observers say the contracts entitle Grasso to the entire $139 million, but some wonder whether it would be wise for him to take the full amount.

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