Santini, Loura
May 2003
Investment Dealers' Digest;5/12/2003, Vol. 69 Issue 19, p38
Trade Publication
This article presents information related to developments in the investment banking sector of the U.S. as of May 12, 2003. Big Board Chairman Dick Grasso commanded a pay package in 2002 valued at more than 10 million dollars, according to The Wall Street Journal. As a private institution, the New York Stock Exchange is not bound to disclose executives' pay.According to the article, Grasso's retirement plan has expanded to between 80 million dollars and 100 million dollars, partly through his decision to defer portions of his pay.


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