Metro-East News

A different kind of top 40: CEO pay in St. Louis

Michael Neidorff, CEO of Centene Corporation, tallied the highest salary of any CEO in St. Louis last year, a report compiled by the St. Louis Post-Dispatch shows. He raked in $19,300,387.

Other notable names in the top 40 list include:

▪  Express Scripts Holding Company’s George Paz — $12,921,006

▪  Monsanto Company’s Hugh Grant — $13,436,483

▪  Peabody Energy Corporation’s Gregory Boyce — $10,994,083

▪  Ameren Corporation’s Warner L. Baxter — $4,958,397

News-Democrat readers also may recognize the name of Edwardsville-based First Clover Leaf Financial Corporation CEO P. David Kuhl, who early this month explained what that company’s takeover by First Mid-Illinois Bank of Mattoon would entail. He made $390,857 last year.

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The French rail company SNCF just made an investment in a concept that might sound like pie-in-the-sky bits of science fiction and wishful thinking.

Imagine a low-pressure tube big enough to fit capsules that are big enough to fit people inside. Imagine those capsules hurtling through those tubes from destination to destination at the speed of sound.

It’s not science fiction, it’s the Hyperloop, a concept for travel from Elon Musk, founder of electric car company Tesla and of SpaceX. Hyperloop would be powered by solar panels that line the outside of the tubes. Musk has called the idea a “cross between a Concorde, a rail gun, and an air-hockey table” with the potential to make the 350-mile trip from Los Angeles to San Francisco in half an hour.

Other investors have bought in, too: Hyperloop has hauled in $80 million of investments in its most recent round of financing so far.

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News Monday that Warren Buffet’s Berkshire Hathaway owned over 9.8 million shares in Apple sent that company’s stock price climbing, canceling a share price drop prompted last week when the hedge fund Appaloosa Management sold off all its stock in Apple.

When Appaloosa executed that sell-off, the subsequent stock price slide temporarily unseated Apple from its throne as most valuable company in the world.

Alphabet, which owns Google, temporarily held the top slot.

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A Tennessee-based flight attendant faces charges after police caught on to her scheme to make a few quick bucks.

Rachel Trevor, 28, is accused of sneaking up to 1,500 miniature bottles of liquor off of planes in her bag and later posting them for sale on Craigslist. The bottles sell for $8 on the planes, but Trevor was charging a dollar.

Trevor faces charges of theft, unlawful sale of alcohol and unlawful transportation of alcohol. She also was fired.

Tobias Wall: 618-239-2501, @Wall_BND

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