CEO Pay Soars, But Mostly Tied To Performance

The average pay package for the people who run St. Louis’ public companies rose by nearly 15 percent last year, after falling by a similar amount in 2011. The difference? A lot of large local companies turned in strong profits last year, and their chief executives were rewarded accordingly. To answer critics and placate shareholders, who now get to vote on pay practices, many companies are tying stock awards to performance targets.

Read more in the St. Louis Post-Dispatch

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