SharksWithLasers -- Seth Cooper

A CUTTING-EDGE BLOG FOR THE WORLD OF THE 21st CENTURY, Currently operated by Seth L. Cooper, a 27 year-old attorney in Seattle (sethlcooper at comcast dot net)

Thursday, June 16, 2005

WITH BOARDS LIKE THESE... Kimberly Strassel has an interesting article discussing the NY Attorney General's case against former NYSE head Dick Grasso--available online in Tuesday's Opinion Journal. The extraordinarily high level of compensation given to Grasso in his contract made many headlines. I have not followed the case very closely and am not familiar with enough details to form an opinion, but as Strassel's article shows, there's more to this story than I first suspected. Namely, you had a board that voted on the contract but then turned on the very same man that they UNANIMOUSLY agreed to so generously compensate. Curious...

(Downtown Seattle, WA)

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