Should the NYSE split off its regulatory powers?
The size of Dick Grasso's pay package will have ongoing implications for listed companies across the globe - and not just for those listed on the NYSE or other US exchanges. Calls for the NYSE to be stripped of its regulatory powers have already begun. Although they're being resisted at this stage by the NYSE's interim chairman, John Reed, it is hard to see how the exchange can hope to hang on to its regulatory role over the longer term.The charge is that there are too many potential conflicts
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