Friday, December 15, 2006

Tough questions for tough times

DELRAY BEACH, Fla. -- Mary Schapiro, chief executive of the National Association of Securities Dealers, faced tough questions from some of her staunchest critics here this week as she barnstormed for votes on a regulatory merger with the New York Stock Exchange....

Near the end of the 80-minute question-and-answer session, the questions grew more personal. How much were executives paid at the NASD? asked Long Island brokerage executive Alan Davidson, a longtime NASD dissident. Was it true Ms. Schapiro made $3.5 million?

"Not even close. I wish I did," she replied, adding that her pay was public record. Ms. Schapiro made $2.1 million in 2005... WSJ


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