
Richard Grasso. This guy dominated the headlines in 2003 for his $140 million retirement package, on which he got rather greedy and decided he should try and cash it out all at once while still serving on the NYSE board. Needless to say, in the post-Enron era, a guy who already earned an average of $12 million a year cashing out on $140 million raised a few red flags.
But now, more details are emerging on those events. Normally, some rich old coot trying to get richer is nothing new (even if egregiously disgraceful), but the New York Times indicates this guy was so miserly, he even charged flowers and 99-cent pretzel bags to NYSE expense accounts!
Then there are the e-mail exchanges:
“Pal Cody: I’m sorry I don’t need to go to Rao’s,” Ms. Lee wrote in an e-mail message in April 2003. Referring to missing a dinner at Rao’s, Mr. Grasso’s favorite New York restaurant, she continued: “I go there way too much and I’m being too selfish. No hard feelings there, Punky.”
Yeah, you guessed it: Mr. Moneybags was known as “Punky” to his inner circle. Does this guy look like a “Punky” to you?! No… I’d be more inclined to refer to him as more of, say, a Talosian…