Nasdaq Boosts CEO’s Pay 55% as Stock Rally Overshadows Error

Nasdaq OMX Group Inc.’s chief executive officer got a 55 percent raise last year, with the stock market operator’s surging share price overshadowing one of the worst U.S. 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 U.S. stocks, including Apple Inc. and Google Inc., for three hours on Aug. 22. Nasdaq also lost the biggest technology initial public offering of the year, Twitter Inc., to the New York Stock Exchange.

To contact the reporter on this story: Nick Baker in Chicago at nbaker7@bloomberg.net

To contact the editors responsible for this story: Nick Baker at nbaker7@bloomberg.net Chris Nagi

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