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To: Ian@SI who wrote (11672)	9/18/2003 12:34:04 PM
From: Proud_Infidel	Respond to of 95596

Ian, An important point to be made here. Many people like you compare Grasso to the execs who received options during the bubble. However, many of those execs watched as their options became worthless. That is not the case here. Grasso benefited from the Bubble without taking on any of the risk as his was a cash contract- this is my view wrong. IMO, it should never have happened in the first place, but those who did the deal should now also be shown the door. What amazes me most is that nearly 2 years after Enron, these types of deals are still being done. The audacity of those at the top is seemingly limitless. Not much else can show the disconnect between the Boardrooms of Corporate America and reality. Brian

To: Ian@SI who wrote (11672)	9/18/2003 12:45:25 PM
From: Kirk ©	Read Replies (1) \| Respond to of 95596

I stand by my statement. Grasso was ridding the NYSE of corruption, criminal activities or just plain abuse of the system and its regulations. That's what got him pushed out. Grasso was doing a great job. All agree. If I am offered 10x what I charge for a service I perform, am I obligated to say "that is too much?" Someone may really want to make sure they have my loyalty and pay me so well I don't look elsewhere. Then again, if I am a regulator, those I regulate should not be setting my salary. The NYSE board of directors should have been shown the door but that isn't the way it works. the buck stops here has to mean something again and what better place to make a point that the NYSE? We have to now get the CEOs to stop raping the companies with excessive salaries and options packages using cronies put on their boards to rubber-stamp the pay demands. We all know how compensation works. Drive the average up and you get a raise.