How Media Scrutiny Benefits Shareholders By Carmen Marti


44 45 Summer/Fall 2OO6 Chicago GSB In September 2003, Richard Grasso, then chairman of the New York Stock Exchange (NYSE), lost his job after his lavish pay was exposed and vilified in the press.Although all directors of the NYSE had voted in favor of his compensation, once the information became public—and even the most pro-business newspapers… (More)