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 NYSEs 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 Grassos September resignation due to his enormous compensation package.