CBOE chief William Brodsky’s compensation tripled to $9.58 million

(Crain's) — CBOE Holdings Inc. CEO William Brodsky’s compensation nearly tripled to $9.58 million last year after a $6.76-million stock award following the Chicago-based company’s IPO.

For 2010, Mr. Brodsky, who also is the company chairman, received a $1.48-million salary, a $1-million bonus, the stock award and $338,604 in other compensation, according to a regulatory filing made Tuesday. That was up from 2009 pay of $3.4 million.

The compensation boost followed the company’s initial public offering last June at $29 a share. The stock closed Tuesday at $27.54, giving CBOE a market value of $2.48 billion.

His pay package vaults him ahead of his peers at other U.S. financial exchanges, Securities and Exchange Commission filings show.

CME Group Inc., whose $20.5 billion market value dwarfs CBOE's $2.5 billion market cap, paid its chief executive, Craig Donohue, $4.7 million in 2009. The figure includes stock, cash and other compensation.

Duncan Niederauer, who heads NYSE Euronext, received $4.25 million in 2009. Neither CME nor NYSE has yet released 2010 compensation data.

IntercontinentalExchange Inc. CEO Jeffrey Sprecher got $3.18 million in 2010, a filing on Friday showed.

CBOE also disclosed in the filing that it’s decreasing the size of its board to 16 members from 19. Three members previously slated to exit the board won’t be replaced.