ARI SHAPIRO, Host: When details of his pay package were revealed in 2003, Grasso became a symbol of corporate greed, and he was forced to retire. New York's former Attorney General Eliot Spitzer led the fight to reduce Grasso's pay package. The state's current attorney general says he has no plans to appeal yesterday's ruling.
A court ruled Tuesday that Richard Grasso is entitled to the $187.5 million compensation package from his job leading the New York Stock Exchange. He's been fighting to keep the money for the past several years. When details of his pay package were revealed in 2003, he became a symbol of corporate greed and was forced to retire.