Reuters: Technology News: Nasdaq to unveil Facebook compensation plan next week: report

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Nasdaq to unveil Facebook compensation plan next week: report Jul 21st 2012, 09:09 Tweet Share this Email Print Related News Nasdaq boosts Facebook compensation plan to $62 million 12:31am EDT Nasdaq says filing $62 million Facebook compensation plan Fri, Jul 20 2012 REFILE-UPDATE 3-Knight Capital weighing legal options for Facebook IPO losses Wed, Jul 18 2012 Related Topics Tech » Facebook » Regulatory News » People walk past the NASDAQ MarketSite in New York's Times Square June 4, 2012. Credit: Reuters/Eric Thayer NEW YORK | Sat Jul 21, 2012 5:09am EDT NEW YORK (Reuters) - Nasdaq OMX Group Inc plans next week to release its compensation plan for firms that lost money in the bungled Facebook initial public offering, the FOX Business channel reported on Friday. The deal being discussed will be all cash, and likely more than the $40 million originally proposed, though nothing had been finalized, the report said, citing sources. Nasdaq is working with the U.S. Securities and Exchange Commission on a second draft of the proposal, according to the report. One source told the network the new proposal could be as high $100 million, all cash. Nasdaq had proposed a $40 million pool, made up of $13.7 million in cash, with the rest in trading credits. The plan drew criticism from market makers who lost an estimated $200 million on the IPO, and by other exchanges, which said the trading credits would force the firms to trade on Nasdaq. Nasdaq declined to comment on the report. (Reporting By John McCrank; editing by Jeffrey Benkoe) Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

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