Monday, December 13, 2004

regulatory asshole - Dick Grasso



I recently came across a bonafide asshole. His name's Grasso... DICK Grasso. Man what an appropriate name!! His parents must have settled on the name without much contention! Imagine this scene... the maternity ward at the hospital. Mr and Mrs Grasso proudly gazing at the new-born bundle of joy...
Dick's Dad - Goddamn... looks like a DICK!!
Dick's Mom - Yep, he sure does! What should we call him?
Dick's Dad - How about DICK?
Dick's Mom - Dick it is then! I just know that he'll grow up and live up to his name!

And did he ever! As the Chairman and CEO of the New York Stock Exchange, Dick screwed American investors out of vast sums of money in the form of his astronomical salaries. Dick's certainly living up to his name. Dick's no longer working with the NYSE, and last I heard, assholes at the SEC were deliberating whether to accept the fact that they had been screwed royally and live with the shame, or to sue Dick for the money and have him expose them for what assholes they really are! Man what a situation... it would have actually been funny if not for the innocent investors at whose expense the whole sham is being enacted.

A couple of stories about Dick's journey to the top of the leech ladder -
Dick's salary compared to other bigshots
The big injunction

As a footnote - Dick has also been the chairman of the NY YMCA. What a delicious situation - YMCA Chairman Dick!

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