He was forced to resign in 2003 due to a controversy over his pay package. Despite the controversy, Grasso was able to amass a net worth of $150 million through his career at the NYSE.
Dick Grasso is a former chairman and chief executive of the New York Stock Exchange who has a net worth of $150 million. He began his career as a clerk at the NYSE in the late 60s and rose to become its Chairman and CEO in 1995. However, he was forced to resign in 2003 due to a controversy over his pay package. Despite this, Grasso was able to accumulate a large net worth of $150 million through his career at the NYSE.
Dick Grasso is a member of Wall Street
💰Dick Grasso Net worth: $150 Million
He was forced to retire in 2003 after his large compensation package came under scrutiny. He was involved in a lengthy court battle to keep his pay until 2008, when the New York State Court of Appeals dismissed the case against him and awarded him the full sum of approximately $140 million dollars.
Born July 26, 1946 in Jackson Heights, New York, he is the Founder of Gladiator Holdings. Grasso served as the Chairman and CEO of The New York Stock Exchange from 1995 until 2003. He also served as Chairman of the Economic Club of New York. Grasso is the Vice Chairman of the National Italian American Foundation and serves as a Member of the Board of The Centurion Foundation, Lower Manhattan Development Corp., New York City Police Foundation, New York City Public Private Initiatives Inc., he is a Member of the Advisory Board of the Yale School of Management, Trustee of the Stony Brook Foundation; Member of the International Capital Markets Advisory Committee of the Federal Reserve Bank of New York. He serves as Member of Advisory Board at Zito Partners. He has been a Member of Advisory Board at Root9B LLC since June 25, 2014. Grasso formerly served as Director of Home Depot Inc., New York University and NYNYSE Holdings LLC (Formerly, New York Stock Exchange, Inc). Grasso also serves as a Trustee of Economic Club of New York. His extensive experience in financial markets and his previous service on the boards of other companies and organizations adds significant value to his resume. He served as a Director of Virtu Financial, Inc. and as a Director of The Partnership for New York City, Inc. and CA Technologies. He served as Director of Business Council of New York State Inc. and NYC2012, Inc. as well as Vice Chairman of the Congressional Medal of Honor Foundation. He once served as Vice Chairman of Nassau County Crime Stoppers and still serves as Trustee of Wagner College. Richard "Dick" Grass is also a private investor who resides in New York.
