The New York Stock Exchange held its annual stockholder meeting today and apparently the fractional owners are steamed over CEO Duncan “No Vinnies” Niederauer being paid $4 million last year despite the company posting a $745 million net loss. And, weirdly, no one was placated by Niederauer’s peace offering, “I may not feel the same pain as you, but I feel it.” They’re still pissed and want vengeance. Sounds like a job for noted NYSE chief-hater and hooker fucker Eliot Spitzer! Unfortunately, the Steamroller is otherwise detained. But the chairman’s come armed with promises, so that’s cool:

“This year, there will be very specific parameters and metrics on pay,” promised NYSE Euronext Inc.’s deputy chairman, Marshall Carter, at the company’s annual stockholder meeting on Thursday. Golden parachutes – big payouts for top executives should the exchange be sold – will not be offered in the future, swore Chairman Jan-Michiel Hessels, “unless there is extremely good reason.” CEO Duncan Niederauer pointed out that much of his $9.2 million in compensation last year was in stock that has shed significant value.


NYSE shareholders rip board over exec pay
[Crain's]

Comments (12)

  1. Posted by guest | April 2, 2009 at 3:19 PM

    they’re pissed over $4mil?

  2. Posted by guest | April 2, 2009 at 3:31 PM

    zwirn?

  3. Posted by guest | April 2, 2009 at 3:32 PM

    “I may not feel the same pain as you, but I feel it.”
    Is that a joke? What an asshole.

  4. Posted by guest | April 2, 2009 at 3:33 PM

    Prairie doggin over here please post better reading material- quick!

  5. Posted by guest | April 2, 2009 at 3:37 PM

    @4- read this [me giving you the finger]

  6. Posted by guest | April 2, 2009 at 3:41 PM

    …………………./¯/
    …………………/
    ……………/¯/¯/../¯¯\
    …………..|..’…’..’..|\/¯|
    …………..|…………¯../¯¯¯¯
    ……………\……….._/………………………_
    …………….|………|……………………………\
    …………….|………|…………………………….|
    …………….|………|…../|…………./…………|
    …………….|………|…/..|………../…………./
    …………../|……….|./….|………/…………/
    …………/..|……….|……|……./…………/
    ………..|…|……….|¯\¯\¯\¯\/…………/
    …………\..\………..\_|_|_|_|………./
    …………..\_\…………………………/

  7. Posted by guest | April 2, 2009 at 3:42 PM

    Is this really a picture of Bess?
    http://guestofaguest.com/2008/12/

  8. Posted by guest | April 2, 2009 at 3:45 PM

    Bess Levin went to a state school.

  9. Posted by guest | April 2, 2009 at 3:47 PM

    @8- incorrect.
    @6- nice artwork.

  10. Posted by guest | April 2, 2009 at 3:48 PM

    “NYSE chief-hater and hooker fucker”
    That’s pretty good.

  11. Posted by guest | April 2, 2009 at 3:51 PM

    @7- yes.

  12. Posted by guest | April 2, 2009 at 4:19 PM

    Thain must be rolling over on his commode.

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