Richard Grasso and the NYSE, Inc (A)

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Case

Reference no. 9-405-051

Subject category: Human Resource Management / Organisational Behaviour

Authors: Bill George (Harvard Business School); Andrew N McLean (Harvard Business School)

Published by: Harvard Business Publishing

Originally published in: 2005

Version: 4 April 2006

Length: 22 pages

Data source: Published sources

Topics: Accountability; Organizational behavior; Corporate governance; Crisis management; Stock exchanges; Leadership; Compensation

Share a link: https://casecent.re/p/68693

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Abstract

This case is only available in hard copy format. In 2003, the New York Stock Exchange faces heated controversy over the pay of Chairman Richard Grasso. Traces Grasso's development and his success serving stakeholders while transforming operations at the world's largest exchange. Describes how Grasso's compensation and the NYSE's governance structure come under attack. Raises questions in the mind of the deeply split board of directors about stakeholder influence, corporate governance practices, performance and compensation, and retention of a high-performing-turned-controversial chief executive.

Location:

New York

Industry:

Stock exchanges

Size:

USD1.074 million, 1,500 employees

Other setting(s):

2003