°ä±ð²Ô³Ù±ð²Ô±ðÌýChief Executive Michael Neidorff has been Ó£ÌÒÊÓƵ' highest-paid executive for three straight years, and his $25.3 million compensation package for 2017 means he's likely to retain that title.
The company's , filed March 9, says Neidorff was rewarded for last year's strong performance, the successful acquisition of ±á±ð²¹±ô³Ù³ó±·±ð³ÙÌýand Centene's growth over the past five years. The Clayton-based health-care company increased earnings per share 38 percent last year and its share price climbed 79 percent.
The CEO earned 379 times as much as the median Centene employee, the proxy statement says. The company's 33,312 workers earned a median $66,600, including medical premiums.
People are also reading…
Neidorff's total pay has been above $20 million in each of the past three years. His 2017 compensation was a 15 percent increase over the 2016 level.
Neidorff earned a base salary of $1.5 million along with two bonuses: an annual award of $4.5 million and a long-term cash incentive of $2.6 million. The annual bonus was 200 percent of the target amount and the long-term incentive, covering performance from 2015 to 2017, was 145.6 percent of target.
The biggest piece of Neidorff's pay package was $16.1 million worth of stock. Of that amount, $9.7 million is contingent on meeting three-year revenue and profit goals.
Neidorff's perquisites included $168,605 worth of personal flights on a company plane, $151,214 of life insurance and unspecified amounts for security, tax preparation, financial advice and event tickets.
If he leaves Centene after a takeover, Neidorff is entitled to collect $17.5 million in severance and bonuses, plus cash in $63 million worth of unvested stock.
