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Strategies & Market Trends : Galapagos Islands

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To: TimeToMakeTheInvs who wrote (52215)	5/26/2004 10:57:56 AM
From: LPS5	Read Replies (1) of 57110

Look at who was on the compensation committee[.] Yes, indeed - look, and look closely. H. Carl McCall - a former New York State comptroller and current New York Democratic party heavyweight - headed the NYSE compensation committee for a period during which Grasso was awarded the 'excessive' compensation. It's curious to me that he wasn't named in Spitzer's lawsuit. But even more interesting - again, to me - is that of all the individuals who served on or headed the compensation committee (yes, the committee that set and awarded Grasso's pay and bonuses for all those years)...only one was named in the Attorney General's lawsuit. And that one individual, Kenneth Langone, is the only one who has repeatedly, and openly, defended the private employment contract between Grasso and the NYSE. Read, and read closely. LPS5

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