Fox Biz Reports: Jon Stewart’s Brother Gets Hefty Buyout to Leave NYSE

On Tuesday afternoon, Fox Business Network’s Charlie Gasparino reported that Larry Leibowitz, brother of The Daily Show‘s Jon Stewart and COO of NYSE Euronext, has received a heft $10M+ “golden parachute” as part of his departure from the firm.

According to Gasparino, Leibowitz will leave the NYSE’s parent company at year’s end, receiving a package worth around $17 million that includes $6 million from a “change of control” provision in the contract — NYSE has been bought by ICE — and $11 million worth of stocks he accrued throughout his tenure:

update on leibowitz package: $17 million; $6m from change of control provision in contract (ice buys NYSE) $11m in stock he has accurred

— Charles Gasparino (@CGasparino) November 26, 2013

Watch the report below, via FBN:

[Photo via NYSE]

— —
>> Follow Andrew Kirell (@AndrewKirell) on Twitter

New: The Mediaite One-Sheet "Newsletter of Newsletters"
Your daily summary and analysis of what the many, many media newsletters are saying and reporting. Subscribe now!