King of the Club
Richard Grasso and the Survival of the New York Stock Exchange
By (author) Charles Gasparino
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King of the Club by Charles Gasparino
Book DescriptionUntil recently, no figure loomed larger on Wall Street than Richard Grasso, the former head of the New York Stock Exchange. Though short in stature, his power and influence was immense. During his 35 years at the exchange, the last seven as its Chairman, Grasso was known on the floor of the Exchange as The Little Guy in the Dark Suit who commanded the attention of politicians, brokered deals with the nation's most influential businessmen, became a national hero for his work helping Wall Street recover from the 9/11 terrorist attacks, and then emerged as a symbol of corporate excess over the details of his enormous compensation package.Chronicling the amazing rise, fall, and possible rise again of Richard Grasso, and also tells the modern history of the all-powerful institution that he came to symbolize: The New York Stock Exchange. Known as The Club, the NYSE is the world's biggest stock market, where trillions of dollars of stocks of the nation's largest companies are priced and traded each day between its 9:30 am opening bell and its 4 pm close. Richard Grasso began his career as a clerk on the floor of the Exchange, where screaming traders match buyers and sellers of stocks each day.Even as he rose through the ranks of the Club, Grasso never seemed to leave the floor too far behind. During his three decade career at the Exchange, Grasso fought tooth and nail to keep traders and the NYSE in business, underscored by his outlandish publicity stunts - and even more important, by his perennial public and private battles with various top players in the Club, including its most powerful member, Goldman Sachs CEO Hank Paulson.
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Book DetailsISBN: 9780060898342
(203mm x 135mm x 25mm)
Publisher: HarperCollins Publishers Inc
Publish Date: 1-Aug-2008
Country of Publication: United States
Books By Author Charles Gasparino
Circle of Friends, Hardback (July 2013)
Explores the gross inequality that has grown between individual and professional investors over the years, highlighting the vast information gap that favors professionals over amateurs, and the superwealthy over the rest of us.
Sellout, Paperback (November 2010)» View all books by Charles Gasparino
Demonstrates how the tumult in financial markets is part of a much larger story that entails some of the world's most esteemed financial institutions selling out their responsibility - not just to their own shareholders, but to millions of outside investors and to the American public.
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Author Biography - Charles Gasparino
Charles Gasparino is a senior correspondent for the Fox Business Network and the Fox News Channel, where he reports on major developments in the world of finance and politics. A former writer for the Wall Street Journal and Newsweek, he has also served as a columnist for the New York Post and The Huffington Post as well as a contributor to The Daily Beast, New York Magazine, and Forbes. Gasparino is a recipient of numerous business journalism awards, including the prestigious Investigative Reporters and Editors Award for The Sellout. His other noteworthy books include Blood on the Street and King of the Club.
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