Greifeld faces down compensation plan critics

Chief executive of exchange Nasdaq OMX, today dismissed criticism of a compensation plan for the troubled Facebook IPO which would consist of both cash and discounted trading fees

Bob Greifeld, chief executive of exchange Nasdaq OMX, today dismissed criticism of a compensation plan for the troubled Facebook IPO which would consist of both cash and discounted trading fees.

Yesterday, Nasdaq announced a plan to pay $40m to compensate brokers for losses connected to the Facebook IPO. The plan involves $13.7m in cash, with the remaining $26.3m in reduced trading fees. The plan is awaiting approval from the Securities and Exchange Commission.

WSJ Logo
Jamie Dimon Says Private Credit Is Dangerous—and He Wants JPMorgan to Get In on ItExternal link

Jamie Dimon Says Private Credit Is Dangerous—and He Wants JPMorgan to Get In on It