(This is more of a current event than a political discussion, but anyway.) Under pressure from the board of directors of the New York Stock Exchange, Dick Grasso resigned today amid the outcry over his $ 140 million dollar compensation package. Partial clip: I think this is a bit of a raw deal. Was he being overcompensated? Yes, probably. But the board signed off on the deal, then turned around and acted shocked about it when the public got upset. The contract didn't fall out of the sky, they approved it. I think this is more of a case of Grasso being too big a figurehead on Wall Street, and the insiders wanting to take him down a peg to show that the exchange was more than just him. And, ridiculous sums though they were, how many people knew who the head of the NYSE was before Grasso or before Sept 11th? Maybe he was given too much credit, but he raised the profile of the exchange and brought it through a very tough time during the Enron/Worldcom fall outs with flying colors.