CME, which operates the largest futures marketplace in the world, said in a proxy filing with the Securities and Exchange Commission that total compensation for CEO Phupinder Gill jumped 28 percent to $4.15 million last year compared with 2012, including a near doubling of his bonus to $1.1 million. His pay package also included stock awards worth $1.9 million, the filing said.
Compensation for Executive Chairman and President Terry Duffy climbed 30 percent to $5.22 million, also including a near doubling of his bonus to $1.4 million.
The company's earnings last year rose too, albeit at a smaller rate. Net income climbed 7.9 percent to $978.1 million over 2012, on a revenue jump of less than 1 percent to $2.94 billion. Shares rose 55 percent last year over 2012 to close out the year at $78.46 a share.
Mr. Gill was appointed to the top post in 2012, after the exit of Craig Donohue. At the time, the company and the industry were still reeling from the 2011 collapse of MF Global Inc., a futures broker that abruptly filed for bankruptcy and revealed that as much as $1.6 billion in customer funds was missing. The incident undercut customers' trust in the futures market, and industry volume declined. Volume has since largely recovered, with average daily trading volume increasing 10 percent last year over 2012.
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