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Houston's Clear Thinkers: Mr. Spitzer: Get ready to rumble!
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"Houston's Clear Thinkers
Longtime Houston attorney Tom Kirkendall's observations on developments in law, business, medicine, culture, sports, and other matters of general interest to the Houston business, professional, and academic communities.
< Anadarko plans big asset sale
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Plaintiffs counsel in Enron civil litigation involved in merger >
June 10, 2004
Mr. Spitzer: Get ready to rumble!
In this refreshing Wall Street Journal ($) op-ed , Home Depot co-founder Ken Langone, who chaired the New York Stock Exchange compensation committee that approved Richard Grasso's $140 million pay package, throws down the gauntlet regarding New York Attorney General Eliot Spitzer's lawsuit against Grasso and Langone to recover alleged overcompensation to Grasso. In essence, Langone says "bring it on."
First some background. When the Grasso pay package first came to light, both men sat on compensation committees that determined pay for the other -- Grasso on Home Depot's and Langone on the NYSE's. Grasso decided to leave Home Depot's board and Lang"
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