It was supposed to be our IPO, the people's public offering. Facebook, the brainchild of a young CEO who sauntered into Wall Street meetings in a hoodie, was going to be bigger than Amazon, bigger than ...
(Reuters) - Facebook Inc, its Chief Executive Mark Zuckerberg and dozens of banks asked a federal judge to throw out a lawsuit accusing the social media company of misleading investors about its financial condition before its $16 billion initial public offering a year ago. The defendants said in court papers on Wednesday that before the IPO last May 18, Facebook had no obligation to publicly disc
The chief executive, Robert Greifeld, earned a bonus of $1.35 million last year, down from a 2011 bonus of $3.59 million. But his total compensation rose to $8.9 million from $7.6 million.
(Reuters) - Nasdaq OMX Group Inc said it slashed the 2012 annual bonus of Chief Executive Robert Greifeld by $542,100 over the botched handling of Facebook Inc's initial public offering last year. Nasdaq said in a filing with the Securities and Exchange Commission (SEC) late on Thursday that Greifeld's bonus for 2012 fell 62 percent to $1.35 million. The mishandling of Facebook's I
By John McCrank and Jennifer Saba (Reuters) - Regulators approved Nasdaq OMX Group's $62 million compensation plan for firms that lost money in Facebook Inc's glitch-ridden market debut, a victory for the exchange operator that also set the stage for potential lawsuits from firms seeking more. The Nasdaq plan will give retail market makers far less than the $500 million in estimated los
NEW YORK (AP) — The Securities and Exchange Commission said Monday that it has approved a plan by the Nasdaq stock exchange to pay $62 million in reimbursements to investment firms that lost money because of technical problems during Facebook's initial public offering last year.
Craig Berkman, a onetime candidate for Oregon governor, claimed to have access to shares of the company before it went public, said federal authorities.
(Reuters) - Nasdaq OMX Group Inc is in preliminary talks with U.S. securities regulators over a possible settlement for the glitch-ridden stock market debut of social networking site Facebook Inc, the Wall Street Journal reported on Tuesday, citing people with knowledge of the discussions. A settlement with the Securities and Exchange Commission would likely include a $5 million penalty for Nasda
