lessons-from-grasso-and-thaksin

Lessons from Grasso and Thaksin

How Thaksin could have learned from the Dick Grasso debacle at the NYSE and avoided the current mess in Thailand.

By Steven Irvine

September 21, 2006

I am currently reading a very interesting new book called the Wisdom of Crowds, by James Surowiecki. ItÆs a book I would recommend û indeed, if you like the Tipping Point, you are certain to enjoy this book too.

I have just finished reading the section of the book that deals with the concept of fairness. And what struck me û particularly with the news of the coup in Thailand û is the parallels between Thaksin ShinawatraÆs situation and that of Dick Grasso.

Surowiecki uses Grasso as a case study, and examines why GrassoÆs $139.5 million pay package caused such an uproar. Indeed, such a public uproar, that the former New York Stock...

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