Nasdaq boosts chief’s pay

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Robert Greifeld

Reuters.

Robert Greifeld, Nasdaq chief executive.

Chicago - Nasdaq’s chief executive got a 55 percent raise last year, with the stock market operator’s surging share price overshadowing one of the worst US equity trading disruptions in years.

Robert Greifeld received $13.8 million in total compensation for 2013, including a $1 million salary and $9.9 million in equity awards, according to a filing today.

Nasdaq’s stock rallied 59 percent last year, the sixth-biggest advance in the Bloomberg World Exchanges Index of 26 bourse owners.

Greifeld’s compensation rose even after a malfunction at Nasdaq halted trading for thousands of US stocks, including Apple and Google, for three hours on August 22.

Nasdaq also lost the biggest technology initial public offering of the year, Twitter, to the New York Stock Exchange. - Bloomberg News


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