Subject category:
Strategy and General Management
Published by:
IBS Case Development Center
Length: 17 pages
Data source: Published sources
Topics:
CEO compensation; Corporate governance; New York Stock Exchange (NYSE); Dick Grasso, Eliot Spitzer; New York state's not-for-profit corporation law; Executive pay; Human Resources and Compensation Committee; Securities and Exchange Commission (SEC); Board of directors; Self-regulatory organisation (SRO)
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https://casecent.re/p/19986
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Abstract
Excessive CEO compensation has sparked off discussions in the academic and the corporate circles. Dick Grasso, the former Chairman and CEO of the New York Stock Exchange (NYSE), was forced to step down in September 2003 much before his scheduled retirement in 2007, when he was accused of receiving an excessive pay package. His case reinforced the need for reforming the governance practices at NYSE in particular and the corporate world in general. Through the instance of Grasso, this case raises the issues of separation of the office of Chairman and CEO, and the independent functioning of the boards.
Location:
Other setting(s):
2004
About
Abstract
Excessive CEO compensation has sparked off discussions in the academic and the corporate circles. Dick Grasso, the former Chairman and CEO of the New York Stock Exchange (NYSE), was forced to step down in September 2003 much before his scheduled retirement in 2007, when he was accused of receiving an excessive pay package. His case reinforced the need for reforming the governance practices at NYSE in particular and the corporate world in general. Through the instance of Grasso, this case raises the issues of separation of the office of Chairman and CEO, and the independent functioning of the boards.
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Location:
Other setting(s):
2004