Ralston Purina Co. v. Leggett

GARY M. GAERTNER, Presiding Judge.

Appellants, Ralston Purina Company,1 Eveready Battery Company,2 Protein Technologies International,3 and approximately 70 executive and key employees of these corporations, (“appellants”), appeal4 the judgment of the Circuit Court of the City of St. Louis, holding that non-qualified stock options granted to employees as part of their compensation, are subject to the City of St. Louis’ earnings tax. We affirm.

In 1997, the 70 employee-appellants, executives, and key employees of Ralston,5 exercised non-qualified stock options (“stock options”)6 previously…