Nasdaq CEO Greifeld wins contract extension, share option award

Nasdaq CEO Greifeld wins contract extension, share option award

Nasdaq CEO Bob Greifeld, currently steering a hostile takeover of the London Stock Exchange, has been rewarded for his endeavours with an extended contract and one-million share option award.

Greifeld, 49, joined Nasdaq in May 2003 from SunGard and has since turned around the company's fortunes by ruthlessly cutting costs and masterminding a number of strategic acqusitions in the alternative trading space. He is currently overseeing a $5.3 billion hostile takeover bid for the London Stock Exchange after building a 29% stake in the UK market operator.

The contract extension takes Greifeld through to 31 December 2010. His current contract expires in May next year.

According to a filing with Securities and Exchange Commission, Greifeld has also been awarded the right to buy 960,000 shares of company stock. The options, priced at $35.92 apiece, are exercisable in various installments through 2012.

Comments: (0)

THE STATE OF DIGITAL BANKING, 2019 - Landscape: The Digital Banking Strategy Playbook

Trending Stories