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.

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.