Nasdaq chief Robert Greifeld is pretty confident he will keep his job following the botched Facebook IPO, but he concedes the episode has come at a tremendous personal and professional cost.
“I can’t wait for my life to get back to normal,” Greifeld conceded to a friend during a golf tournament this weekend at the posh Trump National Golf Club in Bedminster, N.J., FOX Business Network has learned.
The Facebook initial public offering was plagued by technical problems as Nasdaq’s trading platform proved incapable of handling customer orders. These problems ended up costing investors between $100 million and $200 million, largely the result of faulty pricing and other mishaps directly related to Nasdaq’s market system.
Nasdaq is expected to outline a compensation plan later Wednesday, providing between $13 million and $30 million in relief. But that is unlikely to appease investors who both want more money and would like Greifeld to step down amid the mess.
Many blame Greifeld personally for the problems since he had weeks to prepare for the high-profile May 18 public offering. When the problems began he was seen celebrating the deal at Facebook headquarters in Palo Alto, Calif., with company founder Mark Zuckerberg.
Greifeld is certainly feeling the heat. He described the controversy as a “storm” that has hurt him both professionally and personally, according to a person with direct knowledge of the matter.
“I can’t wait for this storm to pass,” Greifeld quipped, the person said.
Greifeld added, however, that he expected to survive as CEO despite calls for his resignation, this person said.
A Nasdaq spokesman didn’t return an email for comment.
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