Play Live Radio
Next Up:
0:00
0:00
0:00 0:00
Available On Air Stations

Grasso Vows to Keep $100 Million in Pay

Former New York Stock Exchange Chairman Richard Grasso says he'll fight an effort to make him return much of his controversial $188 million pay package. New York Attorney General Eliot Spitzer filed suit Monday against Grasso, a board member and the exchange, demanding that Grasso return about $100 million of the $140 million he's received to date. NPR's Jim Zarroli reports.

Copyright 2004 NPR

Tags
Jim Zarroli
Jim Zarroli is an NPR correspondent based in New York. He covers economics and business news.
Become a sustaining member for as low as $5/month
Make an annual or one-time donation to support MTPR
Pay an existing pledge or update your payment information