Charities Should Heed New Rulings on CEO Pay
By Ralph E. DeJong and Michael W. Peregrine
Richard A. Grasso, former head of the New York Stock Exchange, won a major victory when two New York courts ruled this summer in his favor — allowing him to keep the $139.5-million he was paid during his tenure.
Because Mr. Grasso and the stock exchange were sued for violating laws governing...
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