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BUSINESS BRIEFS.(TO THE POINT)
FINANCE
Grasso hangs on to NYSE payout
Former NYSE Chairman Dick Grasso won't return any of the $139.5 mil in compensation he received in '03 and may go after the exchange for an added $50 mil, according to reports. Grasso's lawyer wrote a letter to the exchange in response to interim NYSE Chairman John Reed's demands that Grasso return at least $120 mil of his pay, said the Financial Times and the Washington Post. Grasso lost his job in Sept. after outrage over his pay package.
Banker admits Parmalat payoff
Luca Sala told investigators he misappropriated $27 mil in a Parmalat kickback scheme with an outside broker, and has offered to forfeit $23 mil. The former executive said earlier he and Bank of America were fraud victims of the $5 bil hole in Parmalat's Bank of America accounts. The bankrupt dairy's total debts may top $18 bil.
Freddie uncertain on earnings
The No. 2 U.S. mortgage finance company Freddie Mac said it still hopes to report '03 earnings by July, but offered no guarantees. Freddie Mac is trying to ...
- NYSE Chairman's Pay Prompts SEC Questions.
- Newspaper article from: Knight Ridder/Tribune Business News September 3, 2003 700+ words
...Commission Chairman William Donaldson, Grasso's predecessor as NYSE chairman, sent a letter to the exchange asking a series of questions...performance." Donaldson, a former top corporate executive, was NYSE chairman from 1990 to 1995. Although the NYSE has committed to disclose...
- Concord Coalition To Honor NYSE Chairman & CEO Dick Grasso With Economic...
- Press release article from: Business Wire October 28, 2002 700+ words
...Economic Environment" The Concord Coalition will present NYSE Chairman & CEO Dick Grasso with its Economic Patriot Award at...228 or communications@concordcoalition.org. WHO: NYSE Chairman & CEO Dick Grasso Concord Coalition Leaders Peter G...
- ADVISORY/NYC Police and Fire Commissioners and NYSE Chairman to Join Forces to...
- Press release article from: Business Wire March 2, 2001 700+ words
...Commissioner Thomas Von Essen, along with New York Stock Exchange (NYSE) Chairman Richard A. Grasso will be joining forces to recognize the...prescription, fast and long-lasting heartburn remedy. WHO: NYSE Chairman Richard A. Grasso NYC Police Commissioner Bernard Kerik...
- AirTran Holdings to be Listed on the NYSE; Chairman and CEO Joe Leonard...
- Press release article from: Business Wire August 7, 2001 700+ words
...will continue to be AAI. To celebrate the listing at the NYSE, Chairman and Chief Executive Officer Joe Leonard is scheduled to ring...Holdings to the New York Stock Exchange," said Dick Grasso, NYSE Chairman and Chief Executive Officer. "AirTran's record of innovation...
- ADVISORY/NYC Police and Fire Commissioners, NYSE Chairman and Johnson & Johnson...
- Press release article from: Business Wire March 5, 2001 700+ words
...Commissioner Thomas Von Essen, along with New York Stock Exchange (NYSE) Chairman Richard A. Grasso will be joining forces to recognize the...prescription, fast and long-lasting heartburn remedy. WHO: NYSE Chairman Richard A. Grasso NYC Police Commissioner Bernard Kerik...
- WALL STREET'S DOUBLE STANDARD IN EXECUTIVE COMPENSATION; FORMER NYSE CHAIRMAN'S...
- Press release article from: PR Newswire January 11, 1995 700+ words
...listed companies, and reports that bonuses paid to the former NYSE chairman and CEO would have ranked as among the top five paid in corporate...Wall Street's Double Standard," are: -- Former NYSE chairman and CEO John Phelan received two undisclosed bonuses totaling...
- NYSE CHAIRMAN DONALDSON SAYS ENTREPRENEURIAL SPIRIT CAN CHANGE THE WORLD, FROM...
- Press release article from: PR Newswire February 7, 1992 700+ words
NYSE CHAIRMAN DONALDSON SAYS ENTREPRENEURIAL SPIRIT CAN CHANGE THE WORLD, FROM THE BOTTOM UP PRINCETON, N.J., Feb. 7 /PRNewswire...
- NYSE chairman slips up on governance.
- News wire article from: Europe Intelligence Wire March 28, 2003 700+ words
...Pitt - not having enough distance from Wall Street - saw an opportunity to make an immediate impact. Moreover, as a former NYSE chairman, his intervention makes it clear that governance at US exchanges is worth a look. Mr Grasso has many admirers. He was...
- Fmr. NYSE Chairman Comments on Grasso`s Predicament, CNNfn.
- News wire article from: The America's Intelligence Wire September 16, 2003 700+ words
...CNNfn News) Byline: Christine Romans CHRISTINE ROMANS, CNNfn ANCHOR, STREET SWEEP: Pressure is mounting on NYSE Chairman Richard Grasso to resign. This afternoon, two huge pension funds said Grasso should quit. As Rhonda mentioned...
- Ex-NYSE chairman may have to give up some money.(Chicago Tribune)
- News wire article from: Knight Ridder/Tribune News Service Countryman, Andrew January 8, 2004 700+ words
...ultimately led to his departure as chairman and chief executive in September. In a letter to Spitzer and the SEC, interim NYSE Chairman John Reed said "serious damage has been inflicted on the exchange by unreasonable compensation of the previous chairman...
