NPR logo Grasso's Exit Rattles NYSE Board


Grasso's Exit Rattles NYSE Board

The board of directors of the New York Stock Exchange is searching for a new chairman following Richard Grasso's abrupt resignation Wednesday. Grasso stepped down amid a public outcry over his $140 million pay package, but he may still receive a lucrative severance deal. Observers say the incident highlights the need for reform in the board's operations. Hear NPR's Jim Zarroli and corporate governance expert Bill George.