He has repeatedly threatened to move his Clayton headquarters if he didn't get what he wanted. He was CEO of Centene Corp from 1996 until March 2022. By On Sunday, those family and friends came together along with hundreds of invited guests, dignitaries, and colleagues to celebrate his love for them, his visionary legacy for transformational healthcare, commitment to community, philanthropy, and inclusion. Michael F. Neidorff, who built the Centene Corporation from a small Milwaukee health plan into the nation's largest insurer for the government's Medicaid program . Despite the companys alleged deception and its CEOs lack of contrition, the Ohio Department of Medicaid in Augustrestarted negotiations with the company. He graduated from Trinity University and St. Francis College with a Master of Arts degree. Neidorff was Centene Corporations visionary leader for more than 25 years. There are no executives at Centene getting paid more. He has successfully led the development and implementation of programs and services under Medicaid, Medicare, and commercial managed care while remaining committed to the core philosophy that quality healthcare is best delivered locally. For 26 years, Neidorff led the Clayton-based company, growing it from a small health-care provider to a Fortune 25 behemoth and the region's largest company. What a pleasant coincidence. Michael and his wife, Noemi Neidorff, have supported and donated to a number of cultural and educational institutions. The Football Coach, Straight Drop Rapper Real Name: Adolph Robert Thornton Jr Details, Ali Awad Net Worth: Nabila Awad Husband, Age, Net Worth. The Hungarian Revolution of 1956 pressured Neomi's own family to escape Hungary. For our faculty, our students, our alumni, it provides a point of pride and it will now ensure (the school) will continue to thrive going forward.. This page was last edited on 8 December 2022, at 17:56 (UTC). By continuing to use our site, you agree to our Privacy Policy and Terms and Conditions. She moved on to the Manhattan School of Music for her bachelors and masters degrees, and she currently serves on the executive committee. "After a lengthy illness, Michael F. Neidorff passed away on Thursday, April 7, 2022 surrounded by his family and friends," the company said in a statement and obituary released on behalf of Mr. Neidorff's family. 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What we are trying to do is to continue that legacy by becoming the best that we can be through continuous improvement, through continuous enhancement of the five or six programs that we now have., On ExpressNews.com: Centene commits to health insurance exchanges for 2018 despite ACA woes. He crafted a unique American corporate success story, and his dedication to providing inexpensive, high-quality health care to the world's most . As the Chairman of the Board, President, and Chief Executive Officer of Centene, the total compensation of Michael Neidorff at Centene is $26,438,400. By one measure, he's the country's top-paid health care executive, making $25 million a year.. That means the Centene chief makes as much in a year as 1,409 of the best paid of the 25 million Americans for whom his company manages Medicaid benefits. This is an archived article and the information in the article may be outdated. 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Neidorff changed into born in 1942 in Altoona, Pennsylvania. Centene executives and other stock owners filed with the SEC include: Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens, Stocks and cryptocurrency portfolio tracker. Remember Central Hardware? You can see the complete history of Mr. Neidorff stock trades at the bottom of the page. Neidorff's company is by leaps and bounds the largest publicly traded one in St. Louis. By that time many Americans signed up for Medicaid which is the health insurance for low-income patients. Semi-truck hauling vehicles crashes into viaduct on N. 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He and his familys previous contributions have most notably been through the Neidorff Art Gallery and the universitys Center for the Sciences and Innovation. (1). The couple divide their time between St. Louis and Palm Beach. In a separate announcement Tuesday, Centene said it had strucka deal with Politanunder which Centene will add five new members to its board, which will then select Neidorffs successor. Neidorff started at the company that became Centene in 1996. The university will name its business school after him, to be housed in the new Chapman Center, shown in this rendering. He turned into a 1961 graduate of Altoona High School. This site uses Akismet to reduce spam. Use Next and Previous buttons to navigate. Meanwhile, back here in hell, Neidorff provided St. Louis no constructive road map or strategy, no plan of action, aside from the low-hanging fruit vital as it is of expanding Medicaid coverage in Missouri. Michael's mailing address filed with the SEC is 7700 FORYSTH BOULEVARD, , ST. LOUIS, MO, 63105. Mr. Neidorff owns over 50,000 units of Centene stock worth over $479,152,742 and over the last 19 years he sold CNC stock worth over $83,099,100. Now there are a lot of branch managers in the room. He was 79. As of 1 November 2021 he still owns at least 6,404,073 units of Centene stock. Michael died on Thursday, April 7, 2022, surrounded by his wife, family, and friends, after a long illness. They went on to serve on the board of trustees of the St. Louis Symphony Orchestra. Mourning Loss of Walking Legend, Actor Nehemiah Persoff Passed Away, Untrue Death Rumor Following Alain Delons Euthanasia, Actress Rae Allens Cause of Death at 95 Becomes Obvious, American Actress Kathryn Hays Obituary at 87, Rayfield Wrights Cause of Death: Being Hospitalized for Days. The $25 million donation of Michael Neidorff, a Trinity University board member, is the largest in the schools history. Neidorff has served on Trinitys board of trustees since 2005 and was its chair from 2016 to 2018, helping oversee the creation of the universitys Campus Master Plan, the first since its original plan was created in the 1950s. Most recently he sold 50,000 units of CNC stock worth $3,985,500 on 1 November 2021. At a later date to be announced, there will be a memorial service for family and friends to celebrate his extraordinary life and legacy. He also recently sold a 4,000-square-foot, two-bedroom house at 127 Reef Road. Nomi is the vice-chair of the board, and Michael served as a life trustee. These cookies do not store any personal information. The net worth of this organization grew to $126 billion in 2021. Yost was the only state AG to sue Centene, but the practices that led to the suit were apparently widespread. Michael F. Neidorff was an American business entrepreneur who took charge of Centene Corp. from 1996 until March 2022. Michael Neidorff was one of the most philanthropic individuals in the country. You can learn more about Neidorff and see additional video tributes online. Throughout his career, Neidorff also worked in other areas apart from being a CEO. 00:00. Having had a love for the arts, Michael served on the board of the St. Louis Symphony Orchestra, as a trustee for the Opera Theatre of St. Louis, and as Treasurer of the Kennedy Center Board of Trustees. He became known as the person who fired Steve Jobs. 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