Nasdaq's chief executive said he and other exchange
officials "owe the industry an apology" for the technical problems
that marred Facebook Inc.'s highly anticipated stock offering last month the
WSJ reports.
The mea culpa by Nasdaq OMX Group Inc. CEO Robert Greifeld
came as a plan by the exchange to compensate brokers for their losses was
greeted by a chorus of boos on Wall Street. Financial firms said the offer
fails to come close to covering the more than $100 million in losses they and
their customers endured during Facebook's rocky debut. In his first one-on-one interview about the
social-networking company's initial public ...
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