Quote:
Originally posted by bilmore
More importantly, what the heck is Spitzer doing usurping the rights of the shareholders to bring suit on their own behalf?
Ah, but there's the rub - they probably wouldn't have. Grasso oversaw such a rise in shareholder value that they were likely only too happy to pay him what he got.
But Spitzer had a campaign to run, don'cha know . . .
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Actual question--which I can't answer in ten seconds on google--who were the shareholders in the NYSE while Grasso was there (i.e. pre-ipo)? Grasso wasn't (couldn't be) given his comp in stock, so it's not the same as your typical highly-comp'd CEO.
I'm not sure how I feel about Spitzer's activist role for the AG in all of the financial services litigation, except that it was/is clearly designed as the centerpiece of his political campaigns, which I don't like. If a non-higher-office-seeking AG did the same thing, I don't know what I'd think about it.
