Former New York Stock Exchange Chairman Richard Grasso, whose $187.5-million compensation package fed public outrage over skyrocketing executive pay, could be forced to return up to $100 million under a court ruling released Thursday.
State Supreme Court Justice Charles Ramos said Grasso failed to ensure that the NYSE board understood the “magnitude” of his ballooning pay, particularly the more than $100 million in retirement benefits that he quietly accrued in his last few years on the job. The case was brought by New York Atty. Gen. Eliot Spitzer, who […]