Grasso Fiasco Illuminates Other Problems at New York Stock Exchange.

By Miriam Hill, The Philadelphia Inquirer Knight Ridder/Tribune Business News

Sep. 19--NEW YORK--The chief executive has resigned in the midst of alleged improprieties. Members of the board of directors say they were not fully informed. The Wall Street Journal is calling for more heads to roll.

It sounds like just another corporate scandal. But this time, the name in the news is the venerable New York Stock Exchange. Its motto: "The world puts its stock in us."

After chairman and chief executive officer Richard Grasso resigned late Wednesday