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The Washington Post reports: “New York Stock Exchange Chairman Dick Grasso resigned tonight, sources familiar with the situation said, after mounting pressure from board members, shareholders and corporate governance advocates who complained that he collected far too much money for an executive who serves as a federally authorized regulator of the securities industry.”
Last month, NYSE announced that the he would receive a lump sum of $139.5 million in deferred compensation, mostly covering the past eight years, as part of a deal to extend his contract.
The report doesn’t mention anything about what happened to the $140 million package.