Another Hit To Spitzer Legacy (Fixed)
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- June
- 25
One of former Gov. Eliot Spitzer’s biggest cases as attorney general was turned aside by the Court of Appeals today.
The state’s highest court agreed to drop four claims against former New York Stock Exchange Chairman Richard Grasso.
As attorney general, Spitzer sued over Grasso’s nearly $190 billion million compensation package. While the court upheld two claims against Grasso, the ruling is major blow to Spitzer’s case and will likely invoke more cheers on Wall Street against their former rival Spitzer.
In the decision, Chief Judge Judith Kaye says state law doesn’t itself allow for the payment to be voided.
Here’s the court ruling.
Grasso’s attorneys argued NYSE could give any compensation it wants.
This entry was posted
on Wednesday, June 25th, 2008 at 11:19 am by Joseph Spector.
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”$190 billion compensation package?” Even Grasso never got THAT greedy! Carl McCall, by the way, did his usual useless tap dance around this issue after he approved all the stratospheric compensation. Where do we get these empty suits from? As with Vernon Jordan, and others, another photo-op golf partner for Bill. Jesse Jackson never learned the rudiments of golf, so he simply kneels, holds hands with disgraced politicians, and extorts money from various entities while never having found himself a job.
Well-spoken, ed. I couldn’t put it any better.
An aside on Vernan Jordan: eleven years ago, I took the family to the Vineyard for a week of recreation. In Vineyard Haven, there is a great public golf course: $20 greens fees. I wanted to get out there at 7 a.m. and play 18. Sweet Old Bill and his buddy Vernon happened to be there the same week (poor planning on my part). They froze the course for themselves. Secret Service EVERYWHERE! Dad didn’t get his cheap golf in. And both Sweet Old Bill and Vernon cheated! Used the red tees. And had numerous mulligans. ;>
Well said, Ed. Eleven years ago, Tim? Was that pre-Monica or during Monica? I think it was during. Maybe she was hiding in Wily Willie’s golf bag.
Cheat at golf and cheat with the lady in the bag, or something like that.
Wahoo: it was in August, 1997, just one year prior to Monica.
My wife was expecting our second child that summer.
The following year, in January 1998, my eldest child, three-year old son Chris, was watching the evening news with me. He exclaimed, “Dad! There’s President Clinton! And Monica Lewinsky!”
Ho! Hiding in Willie’s golf bag! She must have been on that diet that the chubby ex-Dutchess, (or whatever she was) in England was on. I think Monica ended up in Jordan’s bag, as he was assigned the job to quiet her and find her a job. Pity she wasn’t more intelligent – she could have become an Asst. Attorney General under Janet. Perhaps literally as well as figuratively UNDER Janet.