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Wall Street can't knock Grasso out

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New York Stock Exchange (NYSE)
Eliot Spitzer
Dick Grasso
Jimmy Cayne
Stanley O'Neal

This seems like it happened a long time ago: Former NYSE chief Dick Grasso was locked in a do-or-die struggle with then state Attorney General Eliot Spitzer over his eye-catching take of $185 million. The New York Times points out that Grasso may have put some kind of curse on his adversaries. Just look at what has happened to Spitzer--a humiliating story to say the least. And then there's Jimmy Cayne and Stanley O'Neal, both whom were on the board that approved much of Grasso's pay and witnessed his fall from grace. The Times says Grasso, who faces a court date this week, has a "a growing chance that he may keep the vast portion of his payout."   

For more:
- here's the article

Related Articles:
Grasso presses for jury trial
Grasso becomes a Spitzer campaign issue
Spitzer vs. Grasso--Again
Grasso to pay back tens of millions

Comments

Wall Street never tried to knock Grasso out, The Bulldozer did. And the Street abandoned the small, wealthy, bald guy. That was expected, as was his victory. E Spitz never wins in the legal system, he convicts via the media and public opinion. Cuomo should fold this hand and clean up the Albany cesspool. The witness suicides we've seen thus far, this early, are deeply troubling. Wasting resources chasing the white whales that obsessed his whoring predecessor is an act of madness.

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