| HBS Case Collection
(Revised from original 2005 version)
Richard Grasso and the NYSE, Inc. (A)
In 2003, the New York Stock Exchange faces heated controversy over the pay of Chairman Richard Grasso. Traces Grasso's development and his success serving stakeholders while transforming operations at the world's largest exchange. Describes how Grasso's compensation and the NYSE's governance structure come under attack. Raises questions in the mind of the deeply split board of directors about stakeholder influence, corporate governance practices, performance and compensation, and retention of a high-performing-turned-controversial chief executive.
Keywords: Financial Markets;
Financial Services Industry;
New York (state, US);