Business & Tech

Fox Picks Greifeld as One of Wall Street's Biggest Losers in 2011

Sachem alum is CEO of Nasdaq and criticized for not taking over the New York Stock Exchange.

NASDAQ CEO Robert Greifeld, who is a Sachem alum, was named one of the biggest losers of the year by Fox Business News this week.

He made the list, the media company said, because of botching a hostile takeover of the New York Stock Exchange. 

"Such as deal would have upended the NYSE’s merger with the Deutsche Boerse, and made the Nasdaq stock market a dominant player in the global exchange business," wrote Fox Business News.

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They said his mistake was telling the world that government antitrust regulators were on board with a Nasdaq-NYSE tie up, when they weren’t.

"Hopefully, Greifeld has learned to keep his mouth shut in time for the next deal," Fox wrote.

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Among the others on the list, Morgan Stanely, Jon Corzine and Meredith Whitney.


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