Over the years, Grasso has earned more than the average CEOs of publicly traded companies.
Grasso found himself giving a blow-by-blow account of developments in New York to his guests.
The e-mail reminded Komansky to urge Grasso to approve a sale of the company's specialist unit.
In essence, the exchange's members were hoodwinked into lining Grasso's pockets in the form of fees.
According to Grasso, Spitzer is a political grandstander, a serial leaker and a phony.
The only one to benefit, apart from Grasso, may have been the board members themselves.
Piero Grasso, 68, an anti-mafia magistrate from Sicily, became the speaker of the Senate.
The minutes also reveal a certain disquiet among the exchange directors about Mr Grasso's pay.
If Grasso were to be paid like a public official, his compensation would clearly be too much.
Paris time, noon in New York, Grasso found he was making calls to Johnston every 15 minutes.
Some people say his role in abetting Archipelago angers Richard A. Grasso, chairman of the Big Board.
The payment to Mr Grasso has thrown up more questions about the way the place is run.
Moreover, Mr Grasso's pay does not seem to have had any element of risk attached to it.
Grasso could be tasked to form a technical government with a specific mandate, including rewriting the electoral law.
Indeed, the Grasso pay scandal is probably a bigger black eye than the recent tiff involving NYSE specialists.
Mr Grasso's contract has been extended for a further two years, to 2007, after his current one ends.
This forced Mr Grasso to agree to relinquish his directorship of Home Depot at its next annual meeting.
He left the board of the exchange in the wake of the scandal over ousted chairman Richard Grasso's pay.
After meeting Mr Napolitano, Senate speaker Pietro Grasso said the president appeared determined to get agreement on a government.
The Grasso pay escapade--which has spread to his top lieutenants--is just a sideshow.
So why didn't the NYSE itself file a lawsuit against Grasso or Langone?
John Reed, the former Citigroup boss who was appointed temporary chairman after Mr Grasso's sacking, reformed the exchange's governance.
Grasso so far has been ordered to repay just a part of his pay package and is expected to appeal even that.
Paulson helped lead the effort to get Grasso fired in 2003, and Langone and he have traded accusations since then.
Grasso's assertion was ironic, given that he presides over a scandal-tainted board of directors at the New York Stock Exchange.
The day before Mr Grasso left, the large civic pension funds in California and New York had demanded his resignation.
It's also partly because financial news generally has become much more prominent since Grasso's rise (not that Forbes.com is complaining).
The idea that the clubby NYSE was once an effective self-policer is a myth as outsized as Grasso's recent paychecks.
Moreover, observers might point out that Mr Grasso was running an organisation more like a regulator than a private business.
The growing controversy over Mr Grasso's pay threatens to tarnish his reputation as a competent leader of America's biggest stockmarket.
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