Pity Party: Nasdaq CEO, EVP To Receive Lower Bonus Payments Due To Facebook IPO Foul-Up
Nasdaq CEO Robert Greifeld and Executive Vice President of Global Technology Solutions Anna Ewing saw their 2012 annual bonus payments slashed due to the stock exchange’s mishandling of Facebook’s initial public offering last May 18.
Nasdaq CEO Robert Greifeld and Executive Vice President of Global Technology Solutions Anna Ewing saw their 2012 annual bonus payments slashed due to the stock exchange’s mishandling of Facebook’s initial public offering last May 18.
Don’t weep for Greifeld, though: According to Reuters, although his bonus was reduced by $542,100, he will still receive a $1.35 million bonus. Reuters added that Ewing’s total was lowered by $263,625.
Parent company Nasdaq OMX Group said in a filing, as reported by Reuters:
The committee and board explicitly considered the Facebook IPO in connection with their review and determination of these reduced payouts.
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