Nasdaq bonuses cut over Facebook debacle

Stefan Mileschin · 15th April 2013, 07:26

Nasdaq CEO Robert Griefield is about to get a smaller bonus this year, thanks to his brilliant execution of the Facebook IPO last year.

Griefield will see his bonus for 2012 slashed to $1.35 million, 62 percent less than in 2011.

Executive VP Anna Ewing apparently had her bonus cut by $263,000. According to CNN, the reduction is directly linked to the botched IPO.

However, Griefield earned a total of $8.9 million last year, which represents an 18 percent increase over 2011. Although his bonus will be cut, apparently he will still do better than in 2011.

It doesn’t sound fair, but few things in life are, and on Wall Street nothing ever is.

The Facebook IPO will go down in history as the worst tech IPO ever, hands down. A few slashed bonuses won’t do much to restore investor confidence in Nasdaq, or tech IPOs in general.

http://news.techeye.net/business/nas...cebook-debacle

15th April 2013, 07:26	#1
Stefan Mileschin [M] Reviewer Join Date: May 2010 Location: Romania Posts: 148,500	Nasdaq bonuses cut over Facebook debacle Nasdaq CEO Robert Griefield is about to get a smaller bonus this year, thanks to his brilliant execution of the Facebook IPO last year. Griefield will see his bonus for 2012 slashed to $1.35 million, 62 percent less than in 2011. Executive VP Anna Ewing apparently had her bonus cut by $263,000. According to CNN, the reduction is directly linked to the botched IPO. However, Griefield earned a total of $8.9 million last year, which represents an 18 percent increase over 2011. Although his bonus will be cut, apparently he will still do better than in 2011. It doesn’t sound fair, but few things in life are, and on Wall Street nothing ever is. The Facebook IPO will go down in history as the worst tech IPO ever, hands down. A few slashed bonuses won’t do much to restore investor confidence in Nasdaq, or tech IPOs in general. http://news.techeye.net/business/nas...cebook-debacle

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
Metro: Last Light details pre-order bonuses	Stefan Mileschin	WebNews	0	14th December 2012 18:06
The Man Behind Facebook's IPO Debacle	Stefan Mileschin	WebNews	0	5th September 2012 07:03
Facebook's NASDAQ slide continues, hits all-time low	Stefan Mileschin	WebNews	0	6th June 2012 06:57
WD to Move Stock Listing to NASDAQ	Stefan Mileschin	WebNews	0	24th May 2012 07:38
Facebook Discloses Details on Bonuses	Stefan Mileschin	WebNews	0	10th February 2012 06:40
Apple Gives Its Key Execs $400 Million in Bonuses	Stefan Mileschin	WebNews	0	7th November 2011 07:02
Creative Backs Down on Vista Driver Debacle	jmke	WebNews	0	6th April 2008 23:29
Creative driver debacle rumbles on	jmke	WebNews	2	1st April 2008 08:06
Questions hang over AMD after show debacle	Sidney	WebNews	0	9th June 2007 15:53
AMD's UVD Debacle	jmke	WebNews	0	4th June 2007 09:00