Wall Street Figures Might Take Beating

At one time or another, it’s every employee’s dream: to see the boss get a sock in the jaw.

For Wall Street, the place to be May 23 will be the Madison Square Garden theater. That’s when New York Stock Exchange Chairman Richard Grasso and two prominent Wall Street leaders will climb into a boxing ring with Olympic champions.

The “U.S. Olympic Fight Night” will pit Grasso, the mastermind of the event, and Roy Jones Jr., the 1988 Olympic silver medalist. John Steffens, executive vice president of Merrill Lynch & Co., will take on Joe Frazier, a 1964 Olympic gold medalist and former heavyweight champion. PaineWebber Inc. President Joseph Grano will tangle with Mark Breland, a 1984 Olympic boxing gold medalist.

The event is expected to raise more than $1 million for the U.S. Olympic Committee.