FB: Nasdaq's board retains confidence in CEO Robert Greifeld

Nasdaq's board retains confidence in CEO Robert Greifeld • 2:49 AM

• Nasdaq's (NDAQ) board reportedly has "full confidence" in CEO Robert Greifeld despite the technical fiasco that was Facebook's (FB) IPO last  year and the three-hour trading outage in August.
• Directors support Greifeld's attempts to expand Nasdaq into new businesses such as bond trading and corporate services.
• The technical problems "are a negative, no doubt," says C.T. Fitzpatrick of Nasdaq shareholder Vulcan Value. "But there are some positive things going on that offset the negatives of the technology glitches."
• Nasdaq shares have jumped almost five-fold since Greifeld became CEO in May 2003 vs a 79% rise in the S&P 500.

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