Terrence A. Duffy is the CEO and Chairman of CME Group, a major player in the derivatives marketplace. Under his leadership, CME Group has seen impressive growth, notably a 25% increase in stock price in 2023, driving a total shareholder...
Terrence A. Duffy is the CEO and Chairman of CME Group, a major player in the derivatives marketplace. Under his leadership, CME Group has seen impressive growth, notably a 25% increase in stock price in 2023, driving a total shareholder return of around 30% when including dividends. Duffy has been with CME Group for decades, originally joining the board in 1995 and holding key roles since then, including Executive Chairman. He's known for pushing significant projects, such as the company's partnership with Google and the transition from Eurodollar futures to SOFR futures, marking his strategy to keep the company ahead in the evolving market. In 2022, Duffy’s total compensation was about $10.38 million, which reflects not just his salary of $2 million but also a performance-based bonus of over $7.7 million, tied to the company’s outstanding cash earnings. His compensation also included over $11 million in vested stock. Duffy's focus is on aligning executive pay with company performance, aiming to motivate leaders while managing risk. Despite facing challenges with shareholder votes on his past compensation, he has engaged actively to address concerns and maintain transparent dialogue. With a contract extended through 2025, Duffy's strong presence at CME Group continues to shape its future.