Express Scripts CEO compensation jumps 50 percent

AP News
|
Posted: Mar 28, 2013 2:29 PM

Express Scripts revenue soared last year and so did the pay package it gave Chairman and CEO George Paz.

The 57-year-old executive received compensation valued at $12.8 million from the St. Louis pharmacy benefits manager, a 50 percent increase from 2011. That included stock and option awards totaling $8 million, a $3.4 million performance-related bonus and a $1.2 million salary.

PBMs run prescription drug plans for employers and insurers among other customers. Last year, Express Scripts Holding Co. became the biggest PBM by far when it completed a $29 billion acquisition of Medco Health Solutions. Its revenue more than doubled to about $94 billion.

Recommended
ABC Protects Verbally Abusive Host
Jeff Crouere

The AP's calculation counts salary, bonuses, perks and stock and options awarded to the executive during the year.

Paz has served as CEO since 2005.