Dick Grasso's Grit May Prevail, Help Him Keep $185 Million Payday

06/11/2008 05:12 am ET | Updated May 25, 2011
  • Landon Thomas New York Times

Call it the curse of Dick Grasso.

Eliot Spitzer in 2004, pointing out what he said was evidence that Richard A. Grasso had received excessive compensation.

Five years after Richard A. Grasso flamed out as the chairman of the New York Stock Exchange, his legal adversary and stock exchange directors have fallen even more spectacularly.

And now Mr. Grasso may be able to keep the staggering $185 million award that once made him a symbol of Wall Street greed -- a package awarded to him by the A-list board members at the exchange who eventually fired him.

Two men who played central roles in the legal tumult, Eliot Spitzer and James E. Cayne, saw their careers and reputations implode within days of each other in March.

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