Grasso Fights To Keep His Controversial Payout

Law360, New York (January 11, 2007, 12:00 AM EST) -- Dick Grasso has told a court he deserves to keep every cent of the famously generous compensation package paid him on his departure as chairman of the New York Stock Exchange.

Fighting a court order demanding he give back a great portion of the $140 million retirement package, the beleaguered ex-chief is insisting he earned all of it.

Just days after it emerged that the city's tax authorities are after him for dodging paying income tax, Grasso has claimed the farewell gift that marked his departure...
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