NYSE calls in regulators over former CEO's pay

The New York Stock Exchange (NYSE) yesterday called in securities regulators and the state attorney general Eliot Spitzer to investigate the circumstances that led to a $188m (€147.8m) windfall for Richard Grasso, its former chief executive and chairman.

Mr Grasso collected $139.5m(€109.7m) in deferred compensation and other benefits. It later emerged that he was owed another $48m(€37.7m), which he decided not to take up after widespread uproar broke out over the level of his pay.