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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 [1].”

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 [2].”

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:

[1] Dead Man Walking: http://imdb.com/title/tt0112818/plotsummary

[2] Grasso was toast: http://bigpicture.typepad.com/comments/2003/09/the_200_million.html

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