Newspaper article St Louis Post-Dispatch (MO)

Mound City Money

Newspaper article St Louis Post-Dispatch (MO)

Mound City Money

Article excerpt

From David Nicklaus' blog about St. Louis business. STLtoday.com/ moundcitymoney

Stifel CEO gets pay hike * Stifel Financial Chief Executive Ron Kruszewski hasn't taken a salary increase since 1997, but a $5 million bonus boosted his compensation to $6.96 million last year.

Stifel disclosed his pay package Thursday in a proxy statement for its annual shareholder meeting. Kruszewski's compensation was down 21 percent from 2013, when he received a larger stock award.

Kruszewski's $200,000 salary was supplemented by the $5 million bonus and $1.55 million worth of stock, plus perquisites that included $86,712 of personal flights on company planes, $21,275 worth of life insurance and a $25,000 "nonaccountable expense allowance."

Most of the stock was a reward for performance in 2013. The proxy statement lists Kruszewski's "earned compensation" for 2014 at $6.8 million, up 10 percent from the previous year. It says that sum represents the compensation committee's view of how pay is awarded.

Stifel's earnings per share from continuing operations were flat last year, but its share price rose 6 percent.

The financial services firm got 69 percent shareholder approval in last year's say-on-pay vote, up from 52 percent in 2013. (05.01)

American Railcar CEO sees pay boost * Jeffrey Hollister earned $1.09 million last year as chief executive of American Railcar Industries, a manufacturer based in St. Charles.

The company disclosed his pay Thursday in a proxy statement. Hollister became acting CEO in October 2013 and was named to the job permanently last September.

His salary totaled $288,462 last year, and was raised to $325,000 in September. He also received an above-target annual bonus of $377,348 and stock-appreciation rights valued at $389,897, plus a relocation bonus of $25,000.

American Railcar's earnings per share rose 14 percent last year and its share price also climbed 14 percent. …

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