Missouri Minute: Bayer investors upset over CEO bonus; Port Authority expansion faces aldermanic vote



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Happy Tax Day, and welcome to a few minutes of your Monday that are guaranteed to be free of “Game of Thrones” spoilers. We’re not sure anything this week will top Tiger Woods’ Masters comeback Sunday. But we do know there’s lots of business to be conducted. So let’s tee off, shall we?


Stay alert

City aldermen to vote on expanding St. Louis Port Authority jurisdiction
The authority wants to cover the entire city, including the proposed Major League Soccer stadium, not just the 19 miles of Mississippi River frontage. (St. Louis Post-Dispatch)

Bayer investors upset over CEO’s 28% bonus hike
Bayer’s board approved the increase in Werner Baumann’s bonus and has supported him throughout Monsanto’s Roundup weedkiller lawsuits. (Bloomberg)

Flights through Columbia Regional Airport resume
The airport was closed for a week due to repairs to a runway. (Columbia Missourian)

Boone County Commission plans to join lawsuits against opioid distributors
The group signed a resolution granting the county the ability to join lawsuits in the midst of a nationwide opioid crisis. (Columbia Missourian)

MMGY Global acquires London-based media agency
One of Kansas City’s fastest-growing companies, the travel marketing company now has 11 global offices. (Kansas City Business Journal)

St. Louis entrepreneur joins Silicon Valley VC fund
Brazen Global CEO Jennifer Ehlen joins Portfolia as a venture partner. (St. Louis Business Journal)


Say that again

“We’re going to be the future, and if we don’t get involved now and we don’t get informed about what’s going on, how are we going to know what to do when it’s time for us to take on and pursue the problem or tackle the problem?”

Kansas City-area high school senior Kyra Colbert was chosen to emcee this year’s TEDxYouth@KC. Colbert hoped to use Saturday’s event to connect Kansas City teens to the city’s entrepreneurial community, Startland News reports. The 18-year-old Colbert has served as a member of the Federal Reserve Bank of Kansas City’s student board of directors and as a volunteer for the Kansas City Startup Foundation.


Go figure

$3.4 million

That’s how much Missouri has earned in commercial marijuana licensing fees from just 481 groups, the St. Louis Post Dispatch reports. According to a draft of applications released last week, each applicant will need at least another six figures and to be prepared to describe their business plan in great detail before they can grow or sell medical marijuana in the state.


Hello, my name is

John McDonnell

The former chairman and CEO of McDonnell Douglas has donated $300,000 to the Better Together merger advocacy group in St. Louis, the St. Louis Business Journal reports. McDonnell, whose St. Louis-based aerospace company merged with Boeing in 1997, is the second prominent businessperson to throw his weight behind a city-county merger in St. Louis.