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Friday, November 13, 2015

Executive pay : CME Group

CME Group's board this week approved new employment contracts with Executive Chairman and President Terry Duffy and CEO Phupinder Gill, boosting their compensation and extending the terms of their employment for years.

The base annual salary for Duffy, 57, will jump 20 percent next year to $1.5 million, from $1.25 million, according to his new contract signed yesterday and disclosed today in a filing with the Securities and Exchange Commission. He'll also be eligible for an annual bonus of one-and-half times that pay plus three times that amount in the form of a stock award.

CME Group CEO Phupinder Gill

The base annual salary for Gill, 55, will jump 25 percent next year to $1.25 million, from $1 million, according to the contract signed yesterday and disclosed today in a filing with the Securities and Exchange Commission. He'll also be eligible for an annual bonus of one-and-half times that salary amount plus two-and-a-half times that amount in the form of a stock award.

Last year, Duffy had total compensation of $6.66 million and Gill had total compensation of $5.37 million

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