With trial set, can Grasso save reputation?
NEW YORK – Richard Grasso’s entire life has been defined by a never-say-die attitude: He never knew his dad, he dropped out of college, he flunked the eye test to become a New York cop, but he still worked his way to the top of the world’s largest stock exchange. His street savvy and sales skills were visible as he helped lead the financial community through the Sept. 11 attacks while working tirelessly – sleeping on a couch in his office – to reopen the stock market only six days after Wall Street’s historic shutdown. Grasso must now summon that same mettle as he prepares a comeback from the scandal over his $187.5-million compensation package. The public furor over the package forced his resignation in 2003 as New York Stock Exchange chairman after an eight-year reign. “For a kid like me who was booted out the door, I just have to come back,” Grasso told the Associated Press. “This fight is not about money, it’s about my good name.” “I come from the gutter in Queens,” Grasso said. “I
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