NEW YORK: The top US securities regulator is seeking details of the US$140mil in compensation doled out to New York Stock Exchange (NYSE) chairman Richard Grasso, saying it raised many questions about the way the exchange was governed.
The Securities and Exchange Commission (SEC) chairman William Donaldson, in a terse letter addressed on Tuesday to NYSE board member H. Carl McCall, said the approval of Grassos pay package raises serious questions regarding the effectiveness of the NYSEs current governance structure.