Grasso In The Stocks

The Big Board chief keeps getting pilloried, but some of his directors may deserve to get slapped as well

Love him or scorn him: Richard Grasso, chief of the New York Stock Exchange (N.Y.S.E.), is drawing strongly mixed signals of affection and rejection these days. At a civic function in New York City last week, Robert Nardelli, head of Home Depot, told Grasso that he would love to have him on his board--again--if he ever leaves the exchange. While Nardelli was wooing Grasso, seat holders at the exchange were doing their level best to make the N.Y.S.E. boss available, drumming up support for a special meeting that could lead to Grasso's resignation.

So it is for Grasso, the lifelong exchange...

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