NEW YORK: New York-based Starkman & Associates is representing Dick Grasso, the embattled former chairman and CEO of the New York Stock Exchange, the agency confirmed today. Eric Starkman, the firm's president, has been named in recent media reports as a spokesman for Grasso. Grasso resigned from the NYSE in September 2003 amid controversy surrounding a retirement package of more than $197 million.
Starkman & Associates would not comment on the specifics of its work for Grasso.
"It has long been our practice not to publicly discuss our work on behalf of clients," the firm said in a statement issued today.
Grasso has already received nearly $140 million of his retirement package, and regulators from New York Attorney General Eliot Spitzer's office are looking into whether Grasso will have to return any or all of that. Grasso so far has said through his attorney that he will not return any money.