U.S. Markets closed

News Summary: Express Scripts 2012 CEO comp jumps

The Associated Press

BIG HIKE: Express Scripts Holding Co. gave Chairman and CEO George Paz a 50 percent increase in total compensation for 2012, according to the St. Louis company's annual proxy statement, which was filed Thursday.

THE DETAILS: Paz, 57, received compensation valued at $12.8 million. That includes a $3.4 million performance-related bonus and a 10 percent increase in salary to $1.2 million. Express Scripts also gave its leader $8 million in stock and option awards.

ABOUT 2012: Express Scripts shares climbed 21 percent, and company revenue more than doubled after it bought Medco Health Solutions Inc.