NYSE chairman resigns amid lavish pay package row

New York Stock Exchange chairman Dick Grasso has resigned amid rising fury over his $139.5m (€124m) pay package, his 36-year career ruined by cries that he made too much money running the world’s richest financial market.

Mr Grasso opened an emergency meeting of the NYSE board yesterday and said he was prepared to offer his resignation if the board asked him to, according to a source close to the board.