Thursday, September 18, 2003

Interesting take on the furor over the NYSE compensation issue.

One the one side - the NYSE is a private company. What the hell is it anyone's business what the compensation is for the CEO?

On the flip side - they do position themselves as the "gold standard" of exchanges, and with that, just like for a sports figure or celebrity - they have to be cleaner and better then those that they serve. How can they tell companies to be better corporate citizens when they do things like this??

And on a whole other side - the fact that the board of the NYSE is such a bunch of incestious bastards does nothing to make them look anything even approaching credible!
Grasso's compensation

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