About Us  |   Contact Us  |   Register  | Login  |   

Follow HedgeWorld on Twitter HedgeWorld on LinkedIn

Search the News
Advanced News Search
HedgeWorld News by Region
United States / Americas
Asia / Australia
HedgeWorld News Sections
Managed Futures & Derivatives
Daily News
Other News Features
Most Popular
LexisNexis Headlines
Reuters Headlines
The HedgeWorld Blog
Alternative Advantage Daily Newsletter
RSS Service
Sign Up For Email News Alerts

CORRECTED-CME Group's former CEO Donohue got $6.1 million in 2012
04/08/2013 Email this story  |  Printable Version

(Corrects headline to show Donohue received compensation in 2012, not 2013)

By Ann Saphir

April 8 (Reuters) - CME Group Inc paid its former CEO Craig Donohue $6.1 million last year, making him its highest-paid executive even though he held the post for only the first four months of 2012, according to a regulatory filing on Monday.

Donohue's total compensation, including salary, bonus and stock and option awards, exceeded his previous year's take of $6 million, the company's 2013 proxy statement showed.

That was more than Phupinder Gill, who succeeded Donohue as CEO on May 1, 2012. Gill received total compensation of $3.3 million last year.

And it was more than Executive Chairman and President Terrence Duffy, whose total compensation was $4 million.

Donohue is barred from taking any employment in the industry or otherwise competing with the CME Group until the end of 2013, the filing said.

The CME Group, parent of the Chicago Mercantile Exchange, the Chicago Board of Trade and the New York Mercantile Exchange, is one of the world's largest futures exchange operators. Its exchange-traded derivatives contracts include futures and options based on agricultural commodities, precious metals, energy, foreign exchange, interest rates and stock indexes. (Reporting by Ann Saphir in San Francisco and Tom Polansek in Chicago; Editing by Jan Paschal)

Email This Story to a Friend   |   Display Printable Version of This Story

Story Copyright © 1999-2014 Reuters HedgeWorld All rights reserved.

HedgeWorld News is sponsored by:

Lipper    Privacy   User Policy  Legal Disclosure Copyright/DMCA  Site Map    FAQ    Glossary  Thomson Reuters for Hedge Funds
All rights reserved. Users may download and print extracts of content from this website for their own personal and non-commercial use only. Republication or redistribution of HedgeWorld content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. HedgeWorld is a registered trademark of Thomson Reuters.