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Nasdaq execs get spanked for screwing up Facecrook's IPO

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kyrathaba:


http://www.reuters.com/article/2013/04/12/us-nasdaq-compensation-idUSBRE93B04820130412?feedType=RSS&feedName=technologyNews

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...

<comment>Poor execs. They needed that bonus, too...</comment>

<conversation>Greifeld: "Honey, I know I said my bonus would be almost $1.9 million, but somebody's gotta get spanked for that glitch.  We'll just take 3 vacations instead of 5 this year..."</conversation>

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.
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eleman:
Greifeld's bonus for 2012 fell 62 percent to $1.35 million...

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Yeah, take that biatch... you'll get merely my whole life's earnings as a full year's bonus. That should really teach you a lesson.

TaoPhoenix:
"1% problems".  ;)

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