Here is an interesting article on Nexstar Broadcasting's IPO today. Some very unusual things going on with a bonus payment and loan guarantee for the CEO that would no longer be allowed under the Sarbanes-Oxley reforms. Some of the proceeds from the IPO went to a "success fee" for the CEO for successfully completing the offering. Most of that money from the bonus ultimately went to pay off a loan that the CEO had taken out from Bank of America(IPO underwriter). It's no wonder why it's currently priced under the IPO price of $14.

Doug Probasco