I lean more towards down tomorrow and Friday. No reason to rally on the Grasso news. In a week, some guy can be fired by the court of public opinion??? While he may be paid too much, this is very unsettling for public companies. Who's next, Immelt? Ballmer?
My biggest concern would be "who will replace these guys?" They're good at their job, just overpaid in other's eyes. Can't they just take a big pay cut and move on????? That should have been an option here.
This was very rapid as well. In some ways that's good, in others it's scary.
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