Nasdaq Slashes CEO's Bonus After Facebook IPO Errors

Law360, New York (April 12, 2013, 4:18 PM EDT) -- Nasdaq OMX Group Inc. cut CEO Robert Greifeld’s bonus pay by 62 percent in 2012 due to technical problems during Facebook Inc.'s botched initial public offering that exposed Nasdaq to sprawling litigation and regulatory scrutiny, the exchange said Friday.

Greifeld earned a $1.35 million bonus in 2012 under Nasdaq’s Executive Corporate Incentive Plan, or ECIP, compared to $3.59 million in 2011, the company said in a filing with the U.S. Securities and Exchange Commission. Nasdaq's board and management compensation committee said they had also cut the...
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