In 2003, the New York Stock Exchange is facing a heated debate over pay Chairman Richard Grasso. Traces the development of Grasso and his success serving stakeholders in transforming operations at the largest exchange in the world. Describes how Grasso compensation and governance NYSE come under attack. Raises questions in the minds of the board of directors deeply divided on the impact of stakeholders, corporate governance, performance, and compensation, as well as maintaining high efficiency, which became controversial chief executive.
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by William W. George, Andrei N. McLean Source: Harvard Business School 22 pages. Publication Date: February 7, 2005. Prod. #: 405051-HCB-ENG
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