Wall Street

By Alan Fein - contributing columnist

Online Stock Market Trading The SEC's William Donaldson demanded disclosure of the NYSE's compensation package for its President, Richard Grasso. Grasso held the post vacated by Donaldson.Visit our AXcess News Forum and add your comments on this story. Try your hand at writing, the best story will be published on our news network. Take our micro cap stock poll too!

From the entry page, select "Market Information" then "Data Library", followed by "NYSE Statistics Archive". From here, files containing information for "NYSE Daily Share Volume" and "NYSE Daily Index Closes" are available. To use this information in TradingSolutions, right click on the link to the data and indicate to save the target.

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Stock Market Game SEC Chairman, William Donaldson, said approval of Chairman Richard Grasso's pay package "raises serious questions regarding the effectiveness of the NYSE's current governance structure." Grasso recieved a reported $140,000,000 in compensation from the New York Stock Exchange. I guess it pays to be President!Apparently, after all the grandstanding Grasso's done in support of the Securities and Exchange Commission's attempts to "clean up Wall Street", Grasso's NYSE board thought that he deserved a little something extra in his stocking. Grasso must have the biggest feet on Wall Street or as the saying goes, "it takes a big man to fill his shoes."

As they do, the viewer is a fly on the wall during their interactions, and hears some great music. time actors Glen Hansard, whose character is a vacuum cleaner repairman by day and street singer by night, and Marketa Irglova, as a homely (in the Irish sense) flower vendor on the same street, make a great team.

Stock Investing Game Grasso's base pay was only $1,400,000. So were did the 'extra compensation' come from? The NYSE wasn't saying, but that in itself may have been what prompted the the SEC's inquiry. Or I should say, Donaldson's inquiry, which was delivered in the form of a letter toH. Carl McCall, an NYSE board member and head of the exchange's Human Resources and Compensation committee. Donaldson gave McCall until September 9th to respond.Now here's the best part! Donaldson was pissed! HE used to have Grasso's job! Can you imagine how he felt when he saw what they paid Grasso compared to his own compensation when he was President of the NYSE? Talk about revenge!

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Journal Prime Rate Street Wall While Donaldson may have been upset, he was thorough and left no blame unturned, having requested a complete description of the role of the NYSE's compensation committee, how its members were chosen, and if the members have any business or financial relationship with Grasso or the exchange. Ah, the screws of justice at work!

From the Club, guests can go on an urban hike on the sea wall through Stanley Park, or go shopping along Robson Street, South Granville or Fourth Avenue.

Stock Market News Wait, it gets better! Apparently the compensation was awarded before the NYSE completed a governance review the SEC had requested back in March. Can't you just see them sitting around this table, "we better get those bonuses out before the lid clamps down on the whole game!"

Stock Investing Basics Donaldson asked McCall for "copies of all agreements, employee benefit plans or other written materials in the possession of the Exchange, the Board, the Compensation Committee or any other committee relating to Mr. Grasso's compensation or benefits."

Stock Investing Software These should include "any retirement, severance, consulting or other compensation or benefits that are payable or accrue after he no longer holds his current position," according to a list of questions attached to Donaldson's letter.

Stock Market Trading I think I'm going to appply for Grasso's job!Enjoy!

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