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FBN's Charlie Gasparino on what Nasdaq CEO Robert Greifeld said about the Facebook debacle.
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At a ladies NASDAQ CEO Bob drive found crying on his friend's -- the place in nice fat cats cry.
A golf course in posh trump National Golf Club.
And talking about the controversy surrounding the FaceBook IPO -- -- say about the NASDAQ and it's foul up.
So I got -- Exclusive details -- out.
I wasn't at the golf course sound and -- but I don't golf.
This is -- because you know Bob Greifeld has kept a very low profile since the whole controversy occurred.
Where NASDAQ obviously and he admitted it.
Screwed up the the initial open of the of the of the FaceBook IPO back on May eighteenth there's the picture of the wonderful golf course he's kept a low profile -- Gave one brief press interview.
To selected members of the press two days later.
Has been silent since.
This weekend visas at the golf course according to sources that would bear that spoke -- -- -- the Fox Business Network the following number one he expects to survive.
All the sort of controversial member -- NASDAQ screwed up the biggest most high profile.
IPO that we've seen in years he does at least she's completely expects to survive this.
However he does say this this whole controversy came a tremendous personal and professional cost.
He calls -- -- storm.
He says I can't.
-- he does though expect the leases what he told.
This person at the golf course he'd does expect to to survive this it's kind of interest being he's gonna come out today.
Story we first broke yesterday and the Fox Business Network and outlined some sort of compensation plan to investors that -- -- -- -- -- in this whole in this whole mix up.
Remember we said and I think these numbers are pretty accurate.
The total number of loss amount of losses from that investors suffered on the NASDAQ problems on the FaceBook IPO it's gonna range between a 10200.
Million I think it's pretty accurate.
I think what he's gonna say today's we have this sort of you know compensation plan.
A lot of people talking about some sort of transaction discounts.
It's gonna be in the range of thirteen to thirty million dollars it's clearly not going to be enough and I'll tell -- They go the transaction discount route and that's what people are talking about people close.
For the NASDAQ they're gonna get stiff opposition I believe from the NYSE -- -- in -- if they put that out to remember they're gonna file this in their profits of sort of a an official statement that they put out today.
I think the NYC is gonna -- back and say why should you be able to discount heavily discounted drive order flow -- Kuwait from exchanges that did something good right through an exchange that something bad it's going to be an interest -- battle this is not a story that's gonna go way possible pharmacist about this.
As the idea that he's admitted he may survive and and but the idea this thing being quiet it today seems somewhat well you know that's him that's him saves you Bob -- field as it is is it is a fighter -- I -- but I tea.
There's lots of headwinds here I mean.
He doesn't have a lot of room wiggle room entered into making compensation.
I think exchanges of our cap.
As to how much compensation exact money they can throw down so yes to do all these other things like these -- decide things he's gonna gimmicks.
Like you know transaction reducing transaction cause.
-- -- -- the NYSE and the other changes that are probably that they're gonna say what should you be able just to -- cost due to give people money back.
And these are heavily regulated entities so we'll see if the SEC allows -- -- do it not Charlie stop whining and I mean what form what wind more to me how we should point out that he's going to be good idea he will never neglect -- -- regular -- he crosses go up but I will say this.
He's gonna make its first.
Public comments I believe.
22 like a mass audience on Thursday at the Sandler O'Neill conference -- who knows he may give an interview in between now and then to some somebody that.
-- on the and pictures of.
You know barring that -- -- all of them on -- -- At least authors and smoke that -- tomorrow Thursday at 10 AM he's -- -- -- make it and -- he's not taking press questions.
Interest just since our Charlie -- you're not just okay.
