Michael Peregrine was quoted in Bloomberg news story on July 7 in regard to Eliot Spitzer's lawsuit against Richard Grasso, former chairman of the NYSE, citing New York's not-for-profit corporation law that officers' pay must be "reasonable." Spitzer's lawsuit did not delve into the NYSE's contributions. That suggests there were no improprieties commented Mr. Peregrine. "One would think the Attorney General would have run an allegation of improper uses of donations if there was indeed credible evidence."