CME group to partially exit Illinois?

[Broncojohnny]

http://www.chicagotribune.com/business/breaking/chi-cme-group-says-tax-situation-is-untenable-may-exit-state-20110728,0,6322503.story

CME Group calls tax situation 'untenable;' says it may exit state
Reuters

10:53 a.m. CDT, July 28, 2011
CME Group Inc. is evaluating whether to move some operations to other states from Chicago to reduce its taxes, but it has not decided on an exact timeline, CEO Craig Donohue said Thursday.

"Our tax situation is untenable," Donohue told Reuters, noting that CME is taxed more heavily than any of its global competitors. The company is talking with at least three states -- Texas, Florida and Tennessee -- about relocating some of its business to take advantage of lower tax rates there, Donohue said.

CME has been based in Chicago since the founding of its oldest market, the Chicago Board of Trade, in 1848.

CME has no specific time frame for moving, Donohue said, and does not plan to shut its Chicago-based trading floor. But he said the possibility of moving other operations is real.

"I don't think CME group is different from other companies" that relocate to more "hospitable" business environments, he said.

[Cannonball996]

well lets hope they move their operation to dallas, we could use the jobs

[Denny]

I'll choke every last one of 'em if they come to DFW

[SMEGMA STENCH]

Choking people is a felony now.

[Denny]

Choking people is a felony now.

I'll rename it "Frustration Redistribution" and I'll get away with it.

[YALE]

WTF is the CME Group?

[Denny]

WTF is the CME Group?

It's basically the operator of the derivatives and futures marketplace.

[YALE]

It's basically the operator of the derivatives and futures marketplace.

They NEED to come to Dallas, then.

[Denny]

Wow... even more than I thought!

http://en.wikipedia.org/wiki/CME_Group

http://www.cmegroup.com/

[Denny]

They NEED to come to Dallas, then.

You just want to see my BJJ in action.

[YALE]

You just want to see my BJJ in action.

That, and I need a hedge fund managing floozy in my life.

[Denny]

That, and I need a hedge fund managing floozy in my life.

Even they're looking up the food chain as well.

[YALE]

Even they're looking up the food chain as well.

I just gotta catch one slummin', dog.

[Denny]

If you land a contract, make sure you get fully vested ASAP.

[YALE]

If you land a contract, make sure you get fully vested ASAP.

God gave man thumbs to pull condoms off, IMO.