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I went on to serve on many Boards, and raise money for
homeless. I considered it “tithing” – giving back. Because of Kennedy’s words, I felt I could make a difference, and as a volunteer coordinator on many occasions, I encouraged those around me too, as well. The results were always gratifying.
Part of
issue with Grasso, our former chairman of
NYSE concerns this idea of public service. Dick Grasso never completed college and worked his way up
SEC, though no one argues he did a good job, while current SEC chairman, William H. Donaldson founded Yale University’s Graduate School of Management and was its first dean.
In addition, Donaldson has worked in both
private and
public sectors, an exposure Grasso hadn’t had. In a Washington Post article, “Two Wall St. Giants, One Long History,” it’s reported that “most people interviewed said they believe Donaldson truly is disturbed that
chairman of
NYSE might not view
job as a public service post. Grasso … characterized his job as two-thirds businessman, one-third regulator.” The two disagreed as to
nature of
job. They have different presumptions. Donaldson, by
way, has his fortune, but made it before taking
chairmanship of
exchange. “Donaldson comes at this from
Brahmin school that views
exchange job as public service,” Columbia University Law professor John C. Coffee, Jr. is quoted as saying. “Grasso has worked there his whole career and has a legitimate Horatio Alger story. I don’t think he viewed himself as taking a vow of poverty.”
Grasso apparently felt he should be compensated like a Wall Street CEO, while Donaldson thought he should be paid as a public servant. The dispute, said
Washington Post, “reveals
different styles of
two men. “
What is public service and what does it have to do with you? How are you with your life balance? What are you withholding that’s making you weak?

©Susan Dunn, MA Clinical Psychology, The EQ Coach, http://www.susandunn.cc . Susan is the author of “Depression: The Need to Go Within,” and offers coaching, seminars, and distance learning in Emotional Intelligence. Check out the EQ eBook Library – http://www.webstrategies.cc/ebooklibrary.html . Mailto:sdunn@susandunn.cc for FREE eZine.