clock menu more-arrow no yes

Filed under:

Grasso driven by greed

The New York Stock Exchange apparently has paid Dick Grasso around $140 million in salary and is now looking at $2.4 million per year retirement until 2007, plus $28.6 million supplemental retirement benefits, plus $12.1 million in age-related compensation, plus a $5 million retainer and health-care benefits until age 65.

What has Grasso done to benefit society that would justify this much compensation? Think of the wealth this man has amassed and how much good that wealth could do if properly distributed. I think that many CEOs are so focused on the accumulation of wealth that some consideration of their real worth never crosses their minds. This is the archetypical natural man driven by his own greed.

Roger W. Davis

Centerville