In a sternly worded decision, New York State Supreme Court Justice Charles Ramos ordered former New York Stock Exchange chief Richard Grasso on Thursday to pay back as much as $100 million in his contested compensation package. Grasso has argued the exchange's officers were aware of the package when it was approved, but Ramos' decision said Grasso didn't fully disclose his retirement plan compensation, which grew from $36 million in 1999 to more than $100 million in less than three years.
October 20, 2006 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
In a sternly worded decision, a state judge ordered former New York Stock Exchange chief Richard Grasso on Thursday to pay as much as $100 million back in his contested compensation package.
Grasso’s claim for another $48 million from the exchange was also rejected in the ruling.
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