Monday, October 23, 2006

What is a job worth?

Richard Grasso, the former chairman of the New York Stock Exchange, has been ordered by a New York State judge to return up to $100 million of his fiercely contested $140 million payout. Needless to say Mr Grasso will appeal, and is further claiming that he had been "terminated", and thus due another $95 million.

Sounds reasonable to me: it's tough being a pensioner.

Source: International Herald Tribune Oct 21/22 2006

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