On August 27, 2003, the Exchange announced that its Board of Directors unanimously approved a new contract for Mr. Richard Grasso, its Chairman and Chief Executive Officer, which will extend through May 2007. The Exchange also announced that, as part of the new contract, the Exchange restructured the deferred compensation and savings and retirement plan benefits previously earned by Mr. Grasso and that it distributed to Mr. Grasso benefits from three plans totaling $139.5 million.
Please click here for letter from SEC Chairman William H. Donaldson to NYSE regarding NYSE executive compensation.
