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Ameren CEO Gets 2008 Compensation Of $4M

Stock quotes in this article: AEE  

By MARK WILLIAMS

COLUMBUS, Ohio (AP) — Gary Rainwater, chairman, president and chief executive of the utility Ameren Corp., received a compensation package of $4 million in 2008, down 16.5 percent from the previous year, according to a filing with the Securities and Exchange Commission.

Rainwater, who is stepping down after five years as the company to executive to become executive chairman on May 1, had received a total compensation package of $4.8 million in 2007.

The St. Louis-based company has slashed its dividend for 2009 along with its capital and operating budgets because of the weak economy. ...

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