St. Louis CEO pay jumps 33 percent in 2017

Corporate chief executives in the St. Louis area saw their pay increase substantially in 2017.

Median CEO compensation rose 33 percent for the area’s 26 public companies that had the same leader in 2016 and 2017.

Profits were strong across the board, and chief executives saw bonuses increase 40 percent from the year before. Many got substantial portions of their pay in stock and benefitted from a strong market in 2017.

Centene’s Michael Neidorff led all area chief executives in pay for the fourth straight year, bringing in $25.3 million, up 15 percent from the year before.

Peabody’s Glenn Kellow was No. 2 on the list with compensation of $20.6 million. That included a $15 million bonus for helping the company exit bankruptcy.

Monsanto’s Hugh Grant ranked third, at $19.5 million, up more than 64 percent from the prior year.

Read more: St. Louis Post-Dispatch

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