Dennis Weatherstone, former head of J.P. Morgan, is being pursued by The New York Stock Exchange to be its next chairman, Reuters reports.

Although sources told Reuters that Weatherstone, 73, has already rejected the position, soon-to-be CEO John Thain will reportedly continue trying to convince Weatherstone to take the job. Currently, the retired Weatherstone is a member of the NYSE’s independent board of directors, having been named to it in December.

Meanwhile, the New York Post reports this morning that the NYSE is trying to wrest $150 million of the more than $190 million that former Chairman Dick Grasso has been promised, which, ultimately, was his undoing. The NYSE board apparently is considering allowing Grasso to keep the $47.1 million retirement fund that it earlier approved. For losing his job, he also is owed another $9.6 million.

Interim Chairman John Reed has received praise for a swift and productive attempt to revive the Big Board after it was rocked by Grasso’s September resignation due to his enormous compensation package.

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