Steris Corporation CEO's Pay Dropped 29 Percent Last Year

Investor outrage about excessive executive compensation rears its head from time to time, but STERIS (NYSE:STE) shareholders are unlikely to shake their fists at CEO Walt Rosebrough’s pay package. That’s because Rosebrough’s pay dropped 29 percent to about $2.2 million in STERIS’ fiscal year ended March 31, 2012, compared with the prior year. Rosebrough’s base salary remained unchanged at $750,000, but declines in the value of his stock awards and nonequity incentive compensation (bonuses) account for his drop in compensation, according to a regulatory filing from Mentor, Ohio-based STERIS.