Dick Grasso Net Worth is$150 Million
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Profession: Businessperson
Date of Birth: 1946
Country: Italy, United States of America
Dick Grasso was born in New York and has an estimated net worth of $150 million. Dick Grasso began his career as a clerk at the New York Stock Exchange in the late 60's and became the NYSE Chairman and CEO in 1995. He was forced to retire in 2003 after his large compensation package came under scrutiny. He was involved in a lengthy court battle to keep his pay until 2008, when the New York State Court of Appeals dismissed the case against him and awarded him the full sum.
Richard A. "Dick" Grasso (born July 26, 1946(1946-07-26) in Jackson Heights, Queens, New York City) was chairman and chief executive of the New York Stock Exchange from 1995 to 2003, the culmination of a career that began in 1968 when Grasso was hired by the Exchange as a floor clerk. After the September 11, 2001 terrorist attacks, Grasso became the public face of the Exchange and was praised for his role in helping restart operations. He later became embroiled in controversies and lawsuits about his excessive pay package and $140 million golden parachute.
Grasso was raised by his mother and two aunts in Jackson Heights, New York City since his father left the family when Richard was an infant. He graduated from Newtown High School, and attended Pace University for two years before enlisting in the Army. Two weeks after leaving the Army in 1968, Grasso became a clerk at the New York Stock Exchange.
Richard moved up rapidly in the ranks, becoming president of the exchange and then CEO in the early 1990s. As CEO, he was widely credited with cementing the New York Stock Exchange's position as the preeminent U.S. stock market. Grasso also served as an advisory board member for the Yale School of Management.
On June 26, 1999 Reuters reported that Grasso met with Colombian rebels, the FARC, in an article entitled "NYSE Chief Meets Top Colombia Rebel Leader". The FARC is considered a terrorist organization by the U.S. State Department (on its list of Foreign Terrorist Organizations since 1997) and is allegedly responsible for kidnappings and narcotics trafficking in order to bankroll their revolutionary activities (see: narcoterrorism).
The article quoted Grasso as saying, "I invite members of the FARC to visit the New York Stock Exchange so that they can get to know the market personally." Some found the meeting inexplicable, considering the FARC supports anti-capitalist ideals and has no officially recognized financial clout. Grasso told reporters that he was

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