The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: John Chen who wrote (13329)	8/27/2003 11:15:33 PM
From: J. P.	Read Replies (1) of 306849

Here's one for you John Chen, Richard Grasso, the chairman and chief executive of the New York Stock Exchange, was paid a lump sum of $139m in deferred compensation and his contract was extended to 2007, the NYSE said on Wednesday in an unprecedented move to disclose the compensation of its leadership. The sum is more than the exchange's combined net income for the last three full years. And look who decides, his buddies on the BOD for whom he administers the exchange where their stock is traded. Ah, public traded companies, nothing more than an aggregation of public money to make it easier for the top dogs to steal. news.ft.com JP Comment: All the suckers work for peanuts, while the top guy scoops up ALL THE "PUBLIC" PROFITS, AND THEN SOME!

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