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

Caleres CEO sees pay drop * Caleres Chief Executive Diane Sullivan earned two above-target bonuses last year, but her total pay nevertheless fell 17 percent to $8.1 million.

The bonuses an annual award and a long-term one based on the company's results between 2013 and 2015 totaled $1.7 million, but that was less than half of the $3.9 million in cash bonuses Sullivan got in 2014. Her annual bonus was paid at 122 percent of target and the three-year bonus was 143 percent of target.

Caleres has shifted some long-term compensation from cash into stock, and Sullivan was credited with $4.5 million in stock during 2015. Nearly two-thirds of that amount depends on the company's performance between 2015 and 2017. …

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