Exchange Said To Want Move On Grasso Pay

Article Abstract:

The new board of the New York Stock Exchange thinks it is appropriate for Atty. Gen. Eliot Spitzer and the SEC to investigate the possibility of legal action against former board members and chairman Richard A. Grasso for the $188 million compensation package they gave him by sidestepping their fiduciary duties. The new board has asked Grasso to return $150 million if he wants to avoid a lawsuit.

Government expenditures, Personnel administration, Corporate directors, Compensation and benefits, Stock-exchange, Stock exchanges, Economic policy, New York Stock Exchange Inc., Boards of directors, Spitzer, Eliot, Grasso, Richard

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A Heavyweight Board, Light on the Supervision

Article Abstract:

A newly-released report indicates that Conrad Black, Richard Perle and others looted Hollinger International of funds while the board of directors weren't paying attention and an KPMG audit committee remained passive.

Canada, Financial management, Contracts & orders received, Newspapers, Product quality, Accounting, auditing, & bookkeeping, Accounting & Auditing Services, Accounting, Tax Preparation, Bookkeeping, and Payroll Services, Police Protection, Contracts & orders let, Larceny, Finance, Newspaper publishing, Contracts, Quality management, Accounting firms, Accounting services, Contract agreement, Hollinger International Inc., HLR, Company financing, Black, Conrad, Perle, Richard N., KPMG L.L.P. (New York, New York), Larceny (Law)

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