- The Big Picture - http://www.ritholtz.com/blog -
Dead Man Walking
Posted By Barry Ritholtz On September 17, 2003 @ 7:34 am In Finance,Media,Politics | Comments Disabled
Grasso is now finished. He’s a “Dead Man Walking .”
One week ago today, I noted that this was becoming a public relations disaster, and that “if the NYSE didn’t get their act together (and right away), Grasso was toast .”
With four major pension players calling for his head, the $200 Million Dollar Man has recieved a mortal wound. Too many Bruti, not enough time.
DJ Newswires Jim Murphy phrased it this way: “Grasso is dead but doesn’t have the good sense to lie down.”
I agree. I put his chance of surviving 2003 as NYSE Chair at less than 10%. Now, I’d be surprised if he survives the week. Smart money now says he’s gone by October 1.
Article printed from The Big Picture: http://www.ritholtz.com/blog
URL to article: http://www.ritholtz.com/blog/2003/09/dead-man-walking/
URLs in this post:
 Dead Man Walking: http://imdb.com/title/tt0112818/plotsummary
 Grasso was toast: http://bigpicture.typepad.com/comments/2003/09/the_200_million.html
Copyright © 2008 The Big Picture. All rights reserved.