Richard Grasso started out making $80 per week 35 years ago as a clerk on the New York Stock Exchange. Wednesday he resigned his position as Chairman and Chief Executive of the Exchange under pressure from the Board of Directors.
Why?
He committed the unpardonable sin of accepting the compensation package offered to him by that same board a couple of years ago.
Shame on him!
They offered him an obscene amount of maoney, and the selfish little bugger took it. Of all the nerve!
Now, if you or I were in that same position, we'd know what to do, right. We'd reject the offer and demand to be paid less.
Yeah, sure we would.
The funniest part of this whole deal? He's forced to resign because somebody thinks he was being paid too much money, but after he resigns, he gets all of it anyway!
America! Gotta love it!
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