The most outrageously overpaid chief executive I have ever come across was Richard Grasso, the one-time boss of the New York Stock Exchange. In 2003, it emerged that Grasso, a man who had an exceptionally high opinion of himself, was in line for a deferred pay and pension package worth $140 million – on top of the generous remuneration he was already getting.
At the time, difficult as it is to believe today, the NYSE was a...
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