Talk about worker's comp
5. The Grasso Is Greener on the Other Side of Wall StreetAfter more than a year of stonewalling, the New York Stock Exchange released Wednesday an internal report concluding that the NYSE did a terrible job of keeping ex-chairman Richard Grasso's pension and benefits under control.
Surprise, surprise. We had to wait a year to learn that?
As is usually the case with these fact-finding reports at Good Organizations Gone Bad, the fascinating parts lie not in the general conclusion but in the lurid details.
Our favorites: The disclosure that Grasso's outsized compensation had some trickle-down effects. Specifically, the 2003 report noted that Grasso's executive assistant was paid approximately $240,000 annually over the prior three years, and that he "used the services" of two drivers on the NYSE payroll, each of whom earned $130,000 a year.