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The suit calling former New York Stock Exchange Chairman Richard Grasso's compensation package "unreasonable" boils down to one question: unreasonable compared to what? If state Attorney General Eliot Spitzer can persuade a court that Grasso is comparable with traditional nonprofits' executives, his case looks formidable. But Grasso plans to show the relevant comparison is with top executives of Wall Street, where his eight-year total of $188 million does not seem out of sync.
August 02, 2004 at 12:00 AM
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The original version of this story was published on Law.Com
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