Talk:Terrence A. Duffy

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Professionally Managed in House by PR of the CME, Several Employees Can Be Traced - Corporate Sock Puppets this is clearly against Wikipedia Policy.
This is a great example of a Wikipedia Page that is managed by a commercial public relations effort. Terrance Duffy is definitely notable so there is no need for an entry rich in puffery except to manage perceptions.

NPOV

The puffery needs to go and NPOV needs to take hold here. There are enough neutral articles about the subject that can be cited that someone not familiar with the person could do a rewrite. Rewriting in the shadow of a PR effort simply is not possible.

MF Global

No article regarding the CME or Terrance Duffy would be complete with a section on his role in MF Global. That section can be written factually and in NPOV. However, this kind of section would not rinse well with the subjects employees and agents.

Criticism

There are definitely well know individuals who are critics of the conduct and performance of Mr. Duffy. That section has even less odds of making it to this Wikipedia entry. — Preceding unsigned comment added by 71.203.10.104 (talk) 22:37, 22 October 2020 (UTC)

Earned - University Degree

Even on basic points; Did the subject graduate from a college or university and if so what degree.

A chronological approach.
The following is the "organization of the article"

The Voice of An Industry Advocacy in Washington Career Mergers & Acquisitions Awards and Honors Notable Press Coverage Early life

The way I would revise

Overview - As leader of the CME (start at the present - last chapter) Then start at the beginning (first chapter, working his way into the exchange to running it) --this would include mergers and acquisitions Public Statements Recognition Inflection Points — Preceding unsigned comment added by 71.203.10.104 (talk) 15:55, 23 October 2020 (UTC)

NPOV
The article is written with extreme editorial bias having been written and maintained by at least three paid staff members of the subject. The subject is a notable person and should have a "fair" Wikipedia page written in NPOV The purpose of the "adjective-rich" entry is to "sell" the person as a product. There are intentional ambiguities and exaggerations to fact starting with education. Working your way up from nothing to the CEO of a major company is a compelling story. Everything line item in the articles table of contents is "subjective." A brief explanation of the subjects importance followed by a chronology should replace the article in its entirety.

With multiple paid editors for the CME its simply impossible to rewrite even miniscule elements of this article. MY suggestion is that the CME rewrite the article in NOPV, organized without redundancy, using a chronology, and allowing recognition of other things than "rainbows and unicorns." — Preceding unsigned comment added by 71.203.10.104 (talk) 22:17, 23 October 2020 (UTC)

Elements from prior versions could fill in the gaps in the chronology - but could be original research
There are many elements in prior versions which are important but have been lost in all the revisions.

I cannot do original research here but these are major gaps that need to be filled in. Demutualization His own Firm MF Global A resume-chronology is desperately needed

== Confidence and Security without - Educational Credentialing and Educational Pedigree - aka the Insecure PR Imperative - Reflection on the current rewrite | Please suggest items for inclusion in Talk ==

The subject has accomplishment and stature in the business community. PERIOD. I looked at a few CEO biographies and I feel the format is now more consistent

Ben Bernanke and Henry Paulson would definitely meet the criteria for "honorable" but its not used, its just not necessary. Its just not done. Bill Gates - Education	Lakeside School, Harvard University (dropped out) - When you go from nothing to something, or education is just slowing you down, its just not necessary; there is nothing wrong with that life approach When you are accomplished its not necessary to list honorary degrees as educational achievement. Its not necessary to use adjectives

If this biography needs to be strengthened then it needs a better chronology It also needs to be written from a secure perspective not an insecure perspective. I do not want to do original research; ''' Please feel free to suggest items for inclusion in Talk '''

I would like to see MF Global - from a positive and negative perspectives I would like to see change from a mutual company to a listed company I would like to see a better chronology-resume I would like to know if there have been DIRECT management or donations to charity. (see Bill Gates as example) — Preceding unsigned comment added by 71.203.10.104 (talk) 21:25, 24 October 2020 (UTC)

Help with edits
In “Career,” would editors consider adding a new section based on recent news articles on CME Group’s partnership with Google? I work for CME Group and have a conflict of interest. I won’t be making direct edits to articles where I have a conflict, but I do see areas where we could provide additional information to comply with Wikipedia best practices. I would like to propose adding this new section under “Career” and ask others to make edits on my behalf. Once I have your feedback, I can also raise a question on the CME Group page to conform with any changes. Thank you for your help!

Google Cloud partnership In 2021, CME Group announced a 10-year strategic partnership to move its core trading systems into the cloud, with Google investing $1 billion in the company. The companies said the agreement would help CME Group broaden access to derivatives markets and streamline IT infrastructure. “I wanted to be under a technology umbrella that has the bandwidth to allow me to grow my business,” CME Chairman and Chief Executive Terrence Duffy said in an interview. “I’m good at transactional businesses, myself and my team. Google is really good at technology. I think it’s a marriage made in heaven.”

Thank you, Lbischel (talk) 31 January 2022

I am wondering if Bilby who has worked on this page previously might also be able to advise me how to proceed here? Open to all feedback and would appreciate editors’ help.

Thank you, Lbischel (talk) 16:13, 4 February 2022 (UTC)

Trims request
While editors are considering my suggestion above, I have been thinking about other ways to improve the page in line with best practices and guidelines. Again, I work for CME Group and have a conflict of interest. I won’t be making direct edits to articles where I have a conflict.

To begin helping reduce the resume-like tone, I have some initial trims to suggest. In the introduction, would editors consider removing the following:
 * "In 2020, CME Group was named the world's fastest-growing and most valuable exchange brand for the seventh eighth consecutive year, with a brand value of $2.1 billion."
 * "A 40-year veteran of the futures industry,"
 * "The FRTIB administers the Thrift Savings Plan, a tax-deferred defined contribution (retirement savings) plan for federal employees."
 * "Duffy is a member of the Economic Club of Chicago, the Executives’ Club of Chicago and the President’s Circle of the Chicago Council on Global Affairs. He currently serves as co-chair of the Mayo Clinic Greater Chicago Leadership Council and also is vice chairman of the CME Group Foundation."
 * This last sentence is not current and unsourced, which is why I suggest its removal.

Also in the introduction, can editors add a link to Federal Retirement Thrift Investment Board Wikipedia article? This would allow readers to click through to read about that, rather than an explanation being needed in the introduction.

Thank you, Lbischel (talk) 16:56, 16 February 2022 (UTC)


 * Wondering if either of you would be willing to help with this, since these edits would help address the flags and continue the work you started on addressing these issues?
 * Thank you, Lbischel (talk) 16:06, 18 February 2022 (UTC)
 * (Notified at WP:FINANCE), thanks for your patience. I've removed the first three sentences you proposed (I added a wikilink to FRTIB to replace the explanation). Regarding your last proposal, I think that as there is no harm to the subject by including those memberships I've thought it best to keep them. However, I've moved them out of the lead and to a new section (Terrence_A._Duffy) while adding a citation needed tag to indicate it is unsourced. Feel free to reply here if you disagree with the continued inclusion of his memberships and once again thanks for your patience :) A. C. Santacruz &#8258; Please ping me! 21:52, 7 March 2022 (UTC)
 * Thank you for your assistance. I think it's fine to keep the list of memberships, especially with your reorganization. I will look for a citation. I also see you moved the early life details, which I agree with. I'm working on edits and citations for that information and hope to share that soon. In the meantime, I have another suggestion aimed at cleaning up the page, which I'll post below.
 * Thank you, Lbischel (talk) 13:32, 20 March 2022 (UTC)

Section removal request
As I mentioned above, I am looking into improvements to bring this page into compliance with Wikipedia guidelines and I have another request along these lines. Again, I work for CME Group and have a conflict of interest. I won’t be making direct edits to articles where I have a conflict.

To help with clean-up of the page and reducing the resume-like tone, would editors be in favor of removing the whole "Writings and interviews" section?

My reason for suggesting this is that it does not seem to be typical for Chairman/CEO pages on Wikipedia to discuss their media interviews and op-eds, unless there was a major event tied to them. The discussion of the WSJ op-ed could be moved to the Career, if editors think it's best to keep that.

Thank you, Lbischel (talk) 13:35, 20 March 2022 (UTC)
 * Yes check.svg Done 15 (talk) 16:55, 24 March 2022 (UTC)
 * Thank you for your help with this issue. Lbischel (talk) 21:09, 11 April 2022 (UTC)

Early life + career request
Hello again, editors. As I stated above, I am seeking improvements for this page that will bring it into compliance with Wikipedia guidelines. To that end, I have put together a draft for new ​​Early life and education, Career, and Personal life sections:

Early life and education Terrence A. Duffy was born in 1958 to John J. Duffy and Barbara Duffy. His grandfather, John F. Duffy, was a Chicago alderman who eventually became Cook County Board president.

Duffy grew up on Chicago's southwest side in the Mount Greenwood neighborhood and graduated from Leo High School in 1976. The neighborhood was home to many Chicago police and firefighters, and Duffy has said that while growing up he thought one of these positions would be his career path.

Duffy attended the University of Wisconsin-Whitewater. While going to school, he worked nights at a bar called Chuck's in Lake Geneva, an affluent resort town popular with wealthy Chicagoans. There he met Vincent Schreiber, a Chicago Mercantile Exchange trader who convinced Duffy to take up a career in trading and eventually became his professional mentor.

Career Chicago Mercantile Exchange and TDA Trading Duffy began working as a runner at the Chicago Mercantile Exchange in 1980, and founded his own firm, TDA Trading, in 1981. In 1984, Duffy bought a CME membership with the help of a $50,000 loan from his parents secured by a mortgage they took out on their home. Shortly after he bought his membership and while working as a broker, he incurred a loss of $150,000 because of a misheard order. “This was my family home. My brother and sisters were still living there. It was $150,000, but it may as well have been a million or $2 million,” Duffy told Crain's in 2013.

Vincent Schreiber, who had introduced Duffy to the trading world several years before, helped Duffy pay back the debt by offering his guarantee to the clearing firm. Duffy continued trading by day and tending bar by night to pay back the debt over the next three years.

In 1995 Duffy joined the CME's board, and in 1998 was elected vice chairman. Duffy pushed for the CME to embrace electronic trading during this period.

In April 2002, Duffy became chairman of the CME board and, in December 2002, CME became the first U.S. exchange to go public.

CME GROUP On October 17, 2006, the Chicago Mercantile Exchange announced a merger with the Chicago Board of Trade in an $8 billion deal. The combined exchanges would be known as the CME Group, and would represent the world's largest market for financial derivatives contracts. Duffy and his counterpart at the Chicago Board of Trade, Charles Carey, negotiated the deal, along with other executives. Duffy served as chairman of the combined company, and is credited with leading the CME Group's acquisition of the New York Mercantile Exchange in 2008. He began to serve as executive chairman and president in 2012, and in November 2016 took on an expanded role as chief executive officer.

In 2018, Duffy led CME Group’s acquisition of London-based NEX Group. In 2021 he negotiated a deal to move CME Group's technology to Google Cloud in order to increase access to the company’s products. In addition, Google invested $1 billion in CME Group.

Board service Duffy joined the CME board in 1995 and has served as chairman of the CME Group board since 2002. Duffy also serves on the board of directors of World Business Chicago, the board of regents for Mercy Home for Boys and Girls, the board of trustees of Saint Xavier University, and is co-chair of the Mayo Clinic Greater Chicago Leadership Council.

Duffy was appointed by President Bush and confirmed by the U.S. Senate in 2003 as a member of the Federal Retirement Thrift Investment Board (FRTIB), a position he held until 2013.

Personal life Duffy and his wife, Jenny, have two children.

Duffy received a Doctor of Public Service, honoris causa, from Saint Xavier University in 2019 and a Doctor of Humane Letters from DePaul University in 2007.

These sections are intended to replace the existing Early life, Career, and Awards and honors sections. I know that this is a lot of material to review. I was initially going to submit these changes as three separate requests, but because I moved several claims from one section to another, it seemed to make more sense to present the full draft at once so that editors can assess the entire restructuring.

This article is currently flagged for lacking neutrality, so I really strived to present a straightforward accounting of key biographical details. I kept some material from the current article that had strong sourcing but tried to streamline wording so that the focus is on Duffy himself. In instances where the cited source is not available online, I added quotes to the citation so that editors can see the referenced passage.

Because I work for CME Group and have a conflict of interest, I will not be making direct edits to the article and instead will seek consensus here for implementing changes. I am hoping editors can review what I've posted and update the article if they agree that my draft represents an improvement. Any assistance or guidance here would be very much appreciated. Lbischel (talk) 21:22, 19 April 2022 (UTC)


 * Would either of you be willing to help with this? This is a bigger request but overall has the same purpose as my two previous requests: to fix the flagged issues and bring this page into compliance with Wikipedia guidelines.


 * Thank you, Lbischel (talk) 19:49, 25 April 2022 (UTC)
 * As it's proving tricky to find an editor to look at all of this at once, could editors look at just the Early life portion above? This material would replace the current Early life details that are missing citations and needed some rewriting. I'm also suggesting that this section include a couple of the details that are under Path to the Chicago Mercantile Exchange right now.
 * I'm sorry, I didn't realize you'd had a name change when I posted my note above, so I'm not sure if you received the "ping." If it's easier to work through my suggestions piece-by-piece like this, we can definitely do that. I appreciate your help!
 * Thanks, Lbischel (talk) 02:31, 11 May 2022 (UTC)

As I mentioned above, it's not that I think the article still needs cleanup. The article is fine at the moment. However, it was mostly written by a PR professional who works for Mr. Duffy. I think it's important to make readers aware of that, both to protect Wikipedia's reputation and to make sure readers understand how the article was formed. If there's a more appropriate template, that would be preferable to the current one. —Ganesha811 (talk) 20:54, 20 May 2022 (UTC)
 * Taking a look through this request now... —Ganesha811 (talk) 19:35, 12 May 2022 (UTC)
 * I think this proposed edit, substantial though it is, improves on the current article in sourcing, encyclopedic tone, and neutrality. I've accepted it. I then plan to make a few more changes myself. —Ganesha811 (talk) 19:41, 12 May 2022 (UTC)
 * Thank you for taking the time to review the requested updates, and add the draft to the page. I also saw your edits to the introduction, which look good. I did want to ask about the tag that you added back to the page, however. When I first started looking at the page and how to help improve it, I read on the tag's explanation page that it should be used "on pages that have disclosed, but still problematic, paid contributions and that require cleanup". That doesn't seem to apply here, since you mentioned in your edit summary that you don't think the page needs to be cleaned up. In that case, should the tag be removed? I'll also ping the other editors who have replied here before, so they can weigh in if they'd like to.
 * Thank you both for your help with earlier requests. If you have any remaining concerns with the page, please let me know. Otherwise, would you be comfortable with the tag being removed?
 * Thanks, Lbischel (talk) 20:04, 13 May 2022 (UTC)
 * If is ok with it being removed I don't have any large issues. — Ixtal ( T / C ) ⁂ Join WP:FINANCE! 09:46, 14 May 2022 (UTC)
 * I would prefer it remain. This is a case of following the spirit of the rules, and not the letter (see WP:IAR). I appreciate that you are going about this the right way and not trying to circumvent Wikipedia's rules by hiding your affiliation. However, the fact remains that the article is now 80+% written by a paid PR professional who represents Duffy's interests. The tag makes readers at least somewhat aware of that fact, and I think that's important to upholding Wikipedia's reputation. —Ganesha811 (talk) 12:04, 14 May 2022 (UTC)
 * Thank you both so much for weighing in on this. I understand wanting to show readers that there has been involvement from CME here - makes sense. Really my concern is that the flag suggests to readers (who won't know to check the edit summaries and see your comment) that the page still needs work and isn't in good shape. Is there another flag that can be used? Or is there a way of editing this flag so that it doesn't sound like the page still needs to be cleaned up? I would be happy to suggest another option, but I haven't been able to find a sample or suggestions from other pages with contributors from the company flagged in any/that way.
 * Thanks again for your help, Lbischel (talk) 18:30, 17 May 2022 (UTC)
 * If there was a more appropriate template, I'd be happy to swap it out, but I don't think one exists. I'm not sure if it's possible to edit this one - I don't do a lot of template editing. I think readers will not be too concerned by the flag - many readers skim right past them anyway. The article is in fine shape and if they read it, they'll know that. —Ganesha811 (talk) 00:08, 18 May 2022 (UTC)
 * I see. If you aren't familiar with alternative templates or whether the current one can be edited, would it be OK to ask others to weigh in? I understand what you’re saying and very much appreciate your help but, if at all possible, I would also like to find a way to reflect that the page no longer has a cleanup issue.
 * Thanks, Lbischel (talk) 13:50, 19 May 2022 (UTC)
 * Certainly, you could try asking at Wikipedia talk:WikiProject Templates and other places. —Ganesha811 (talk) 13:54, 19 May 2022 (UTC)
 * Thank you for that suggestion, I'll reach out there and also try Wikipedia talk:WikiProject Finance & Investment in case editors there have seen a different template being used for similar articles.
 * Thanks, Lbischel (talk) 20:19, 20 May 2022 (UTC)
 * Template:Paid contributions is a cleanup tag, intended to be used on articles that need work because they have problematic paid contributions. do you think this article still needs cleanup? If so, what changes do you think need to be made before the template is removed? —Mx. Granger (talk · contribs) 20:35, 20 May 2022 (UTC)
 * I'll remove the template, then. It's intended to signal that cleanup is required – see the template documentation for details. If you think all Wikipedia articles with disclosed paid contributions should have a notice saying so in the article, rather than just on the talk page, that would be a large site-wide change and would need broader consensus. —Mx. Granger (talk · contribs) 21:57, 20 May 2022 (UTC)
 * Thank you for jumping in here and helping to clarify what should be done with the template.
 * Thanks, Lbischel (talk) 18:54, 23 May 2022 (UTC)
 * I am in consensus with Ganesha811 regarding the need for a tag. Flibbertigibbets (talk) 13:09, 22 November 2022 (UTC)