On Wednesday, news sources stated that the salaries of CME Group Inc.’s top two executives stayed the same, under new employment contracts.
The report which was featured in Wednesday’s ChicagoTribune.com website stated: “The annual base salary of CME Group President and Executive Chairman Terry Duffy, 55, stayed $1.25 million. Chief
Executive Phupinder Gill, 53, kept his base salary of $1 million.”
The CME Group is one of the largest options and futures exchanges in Chicago and also owns and operates large derivatives and futures exchanges in Chicago as well as New York City. Several online trading platforms are also apart of its operations.
The Chicago Tribune further stated: “Duffy, whose prior contract was due to expire at the end of 2015, will remain in his position through the end of 2017, according to the extended employment contract.”
Click here to read the article in its entirety on the Chicago Tribune’s website. Should the salaries of the top executives remain unchanged under the employment contracts? Sound off and view related video below.