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SEC to Probe Grasso's Pay Package

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SEC to Probe Grasso's Pay Package

SEC to Probe Grasso's Pay Package

SEC to Probe Grasso's Pay Package

  • Download
  • <iframe src="https://www.npr.org/player/embed/1590416/1590417" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">

The Securities and Exchange Commission and the New York attorney general's office agree to investigate whether laws were violated by the enormous pay package given last year to former New York Stock Exchange chief Richard Grasso. Grasso was forced to resign in September after reports surfaced that the NYSE's board had awarded him $187 million in deferred pay. Hear NPR's Jim Zarroli.