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Well the CME group is just the latest company threatening to leave Illinois.
It could lead the namesake town because of higher corporate -- -- Corporate taxes.
-- that the CME -- Within tended to IM ER OMB ER what do you think that you're gonna back to back to get out of there.
I was -- for Wyoming myself Charles because I'd love to retire there some day and I thought that maybe could -- it but you know Wyoming doesn't have a corporate tax such as me.
You know you wonder what the impact of this isn't some people say -- -- worry about the impact the governor here governor Quinn says.
Don't worry we felt a very friendly business climate but when you Jack the corporate tax up from four point seven or four point eight to 7%.
This is what happens take a look at CME stock by the way we look at the last year the company has underperformed the market and some of its competitors as well.
And consequently yesterday at the end shareholders' meeting but Terry Duffy.
The chairman of the board of the CNB.
Outlined a number of possibilities.
Or what they might do to help raise that stock price let's -- down what he said one he could move the corporate tax base -- doesn't necessarily mean they've moved.
Out of the the trading floor here and -- on the trading floor.
But they might move their corporate office somewhere else in addition I might split the stock trades -- you just saw there.
At around 216 -- -- 270 dollars a share.
They split the stock perhaps it would open to more.
Smaller investors they're also thinking about potentially paying out -- dividend to stockholders.
As well as.
Eliminating some of the spots on the board that got 35 board members currently.
Largely as a result of the fact that they've heard several times -- -- contractual.
But Terry Duffy also yesterday saying Charles and you'll like this.
You know when some companies in Illinois -- have complained about the corporate tax like caterpillar for example.
The state has gone ahead and said okay we'll work with you do some things but the CNB.
They're paying the full -- -- You know this is an institution in Chicago don't think it's.
Yeah well you know what I gotta get tele -- can -- -- who's opened up with that and I would be surprising they get some sort of special accommodation I think they've got the state over a barrel.
Well we're gonna -- for -- good to other companies it's only right here this is a huge institution in Chicago employs a lot of people -- The Indianapolis -- Phillips and doesn't have the same ring all right thanks a lot of -- down appreciate it.
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