NPR logo

NYSE Pay Trial Finally Going to Court

  • Download
  • <iframe src="https://www.npr.org/player/embed/6208245/6208246" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
  • Transcript
NYSE Pay Trial Finally Going to Court

Law

NYSE Pay Trial Finally Going to Court

NYSE Pay Trial Finally Going to Court

  • Download
  • <iframe src="https://www.npr.org/player/embed/6208245/6208246" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
  • Transcript

Back in 2003, the New York Stock Exchange board voted to give Chairman Richard Grasso a pay package exceeding $130 million. New York attorney general Eliot Spitzer filed charges against Grasso, and the head of the board's compensation committee, for violating non-profit laws on pay. Three years later, the two are about to stand trial.