Nasdaq Offers An Apology, $40 Million
After keeping relatively mum in the weeks following the botched Facebook IPO, the Nasdaq’s CEO Bob Griefeld offered up an apology during a CNBC interview. And the exchange has revealed a plan to compensate clients to the tune of $40 million. However, the competition is all kinds of upset because they say its unfair. And those who lost out during the IPO say $40 million is chump change.
Greifeld said, “We have been embarrassed and certainly we apologized to the industry, but the important thing we have to do is focus on the future.”
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