KING OF THE CLUB: RICHARD GRASSO AND THE SURVIVAL OF THE NEW YORK STOCK EXCHANGE
By Charles Gasparino
Collins, 400 pages, $27.95
In the fall of 2002, Kenneth Langone, co-founder of Home Depot and head of the compensation committee of the New York Stock Exchange, proposed extending the contract of N.Y.S.E. chairman Read More
The Times raises the curtain on Cuomo vs. Pirro, which promises to be the most entertaining, if not the ugliest, race of the general election. We even get a “cackle” from Cuomo.
The News calls his smile “unsinkable.”
John Faso visited all five boroughs of New York yesterday and Read More
Before ruling that it’s okay for Eliot Spitzer to sit on a charitable trust which is regulated by his office, a member of the State Ethics Commission, Karl Sleight, got a little help on-line. And of course, Sleight covered his track by switching some pronouns. [hat tip: Spin Cycle]
“Here’s one I could Read More
A correction in this week’s New York Magazine:
“In ‘The City Politic: The Suozzi-Spitzer Showdown’…the head of the New York Stock Exchange compensation committee that gave final approval to the 139.5 million exit package for Richard Grasso should have been identified as Carl McCall, not Ken Langone.” Read More
It didn’t seem quite right to ask the Nassau County Executive to do the interview via instant message, as has been the Friday routine on The Politicker, so I got myself slotted into his extensive call list, as he launches his version of a pre-campaign listening tour, which he expects to extend for Read More
Ken Langone is set formally to launch his crusade against Eliot Spitzer at a speech to the Cato Institute today, Reuters reports.
Not exactly helpful to Spitzer, as Langone can presumably raise quite a bit of money for Tom Suozzi, creating a real primary.
On the other hand, the image of enraged, stymied Read More
Tom Suozzi has been telling people for a long time that he’ll primary Eliot Spitzer for Governor, and Spitzer adversary Ken Langone apparently takes him at his word.
“How much does Ken Langone hate Eliot Spitzer?” Newsweek asks today. “So much so that the billionaire financier is telling friends that he is looking Read More
For several years, those of us with a heart and a sense of fair play had been worried that Richard Grasso, the head of the New York Stock Exchange, wasn’t going to get a fair shake on his compensation. Mr. Grasso has been the front man for inertia, stand-pat-ism and doing nothing much as small Read More
In the business world, the story of the early 21st century is bleak indeed. The public learned that many giant companies, presided over by highly compensated executives, engaged in fraud and deception to allow the big shots to live in regal splendor. You’d think that the people who run the New York Stock Exchange, of Read More
Many New Yorkers are being asked to share the burden of lifting the city out of its budget morass. Thus far, however, New York’s powerful public-employee unions have been on a prolonged coffee break. It’s time they got back to work.
New York is in the throes of its most pressing fiscal crisis since the Read More