Reuters: Technology News: Nasdaq slashes Greifeld's bonus over botched Facebook IPO

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Nasdaq slashes Greifeld's bonus over botched Facebook IPO Apr 12th 2013, 03:04 Tweet Share this Email Print Related News Facebook aims to take centerstage on Android phones Thu, Apr 4 2013 Nasdaq to buy eSpeed platform for $750 million Mon, Apr 1 2013 Wall Street falls after factory data, last week's records Mon, Apr 1 2013 U.S. approves Nasdaq payback plan for Facebook IPO, UBS unhappy Mon, Mar 25 2013 Ex-Oregon governor candidate charged in Facebook IPO fraud Tue, Mar 19 2013 Related Topics Investing and Taxes Simplified » Tech » Facebook » The Facebook logo is pictured at the Facebook headquarters in Menlo Park, California January 29, 2013. Credit: Reuters/Robert Galbraith Thu Apr 11, 2013 11:04pm EDT (Reuters) - Nasdaq OMX Group Inc (NDAQ.O) said it slashed the 2012 annual bonus of Chief Executive Robert Greifeld by $542,100 over the botched handling of Facebook Inc's (FB.O) initial public offering last year. Nasdaq said in a filing with the Securities and Exchange Commission (SEC) late on Thursday that Greifeld's bonus for 2012 fell 62 percent to $1.35 million. The mishandling of Facebook's IPO also cost Anna Ewing, Nasdaq's executive vice president of Global Technology Solutions, a $263,625 cut to her bonus for 2012. "The committee and board explicitly considered the Facebook IPO in connection with their review and determination of these reduced payouts," the company said in a filing. Facebook's eagerly anticipated listing on May 18, which raised $16 billion, was initially delayed by 30 minutes due to a technical glitch at Nasdaq. The exchange then made the decision to get the stock trading by using a secondary system that ended up leading to delays in many clients' orders and confirmations, costing some investors big losses as the stock price dropped after an initial gain. In March, U.S. regulators approved Nasdaq's $62 million compensation plan for firms that lost money in Facebook's market debut, far less than the $500 million in estimated losses. (Reporting by Sakthi Prasad in Bangalore; Editing by Stephen Coates) Investing and Taxes Simplified 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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