Nasdaq CEO Robert Greifeld and Executive Vice President of Global Technology Solutions Anna Ewing saw their 2012 annual bonus payments slashed due to the stock exchange’s mishandling of Facebook’s initial public offering last May 18.
We're kicking off our upcoming Social Media Marketing Boot Camp with a special keynote presentation by Ella Chick (left), the digital producer at Anderson Cooper 360°. She'll discuss how the network uses social media for breaking news and leverages social media to draw attention to organizations and causes. Learn more about our program and register here. 
The Securities and Exchange Commission announced Monday that it will more closely examine the plan by Nasdaq to shell out $62 million to compensate firms that were affected by the technical issues that marred Facebook’s May 18 initial public offering.
Nasdaq CEO Robert Greifeld defended the stock exchange’s plan to compensate firms affected by the technical issues that marred Facebook’s initial public offering during parent company Nasdaq OMX Group’s second-quarter earnings call Wednesday morning.
As expected, Nasdaq announced its plan to compensate investors affected by the technical issues that marred Facebook’s initial public offering, upping the total that it will pay out to $62 million from its previous proposal of $40 million.
Despite the technical issues that marred Facebook’s May 18 initial public offering, the social network will continue to list its shares on the Nasdaq exchange, according to reports.
Nasdaq Chief Executive Robert Greifeld blamed the technical issues that affected Facebook’s initial public offering on “arrogance” and “overconfidence” while speaking at a conference of corporate directors at Stanford University’s Law School Sunday.
