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The $140 Million Man
ResumeThe Stock Exchange chief had been facing mounting public fury over the news of his 140 million-dollar pay package, outraging investors and politicians alike. Yesterday, leaders of four big pension funds called for him to step down. Today, he caved in to those calls and resigned.
Click the "Listen" link to hear about the issues that prompted Dick Grasso's resignation and the future of executive pay in America.
Guests:
Krishna Palepu, Professor of Business Administration and Senior Associate Dean of Research at the Harvard Business School
Phil Angelides, California State Treasurer, sits on the boards of the California Public Employees' Retirement System and the California State Teachers' Retirement System;
This program aired on September 17, 2003.