Mercedes-Benz: Ole Jerkin Retires from NYSE

Apparently other members of the NYSE board are to go, too. According to a
national UK paper, somebody expressed surprise that he was the first to go
as he was the "least offensive" of the board members. Who knows if it was
envy; he certainly criticised the unbelievable severance package that the
outgoing head (chairman/CEO?) got, even though he wasn't particularly
successful.

It seems JS has major business issues on his mind too, also to do with his
dear (in all senses of the word) investment in that US car company...

DAS
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NB: To reply directly replace "nospam" with "schmetterling"
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"MCBRUE" <com> wrote in message
news:aol.com... 
the 
envy - 
bigger 
with 
his 

MCBRUE wrote: 

I was going to post a link to the story but I
was having difficulty understanding the exact
nature of the problem with Mr. Grasso's
compensation package.

He negotiated a package that many feel is
excessive but I do not understand why what
many feel about someone's compensation is relevant.

As I see it he made a deal fair and square
and it was unfair to run him out of the company
just for negotiating a package that, as has
been noted, seems to cause great envy. $140
million is not that much in the financial big leagues.

I am not an expert on the ownership of the
New York Stock Exchange or its profitability
so if someone else can explain exactly why his
compensation was such a scandal I would be
very happy to be educated. It did not seem
to be discussed in the few stories I read.

..