Tuesday, November 14, 2006

GRASSO TAKES IT TO COURT FOR PAY

GRASSO TAKES IT TO COURT FOR PAY BACK
By JANET WHITMAN

November 14, 2006 -- Former New York Stock Exchange chief Dick Grasso yesterday asked an appeals court to halt a ruling that could force him to return more than half of his controversial $187.5 million pay package.

New York State Supreme Court Justice Charles Ramos ruled in October that the ex-Big Board boss must hand over unspecified millions for misleading NYSE directors about his pay.