A new normal? Disclosure rules, investor pressure and a slow economy held back CEO pay

  • Article by: JOHN J. OSLUND and PATRICK KENNEDY , Star Tribune staff writers
  • Updated: June 22, 2011 - 7:43 AM

While there are always exceptions, average total pay for Minnesota CEOs has been flat or falling for three years.

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lib4everJun. 19, 11 1:21 AM

Poor babies...so now their compensation is only a tiny bit less obscene....

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pitythefoolsJun. 19, 11 9:17 AM

And the top paid CEO once again? UnitedHealth Groups Hemsley! I'd like to personally thank everyone who fought against Health Insurance Reform. Actually, Hemsley would like to thank you too.

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jansanityJun. 19, 1111:28 AM

CEO pay is so over the top that flat pay is still obscene. None of these executives is worth that much money. Think how many unemployed Americans could be working if there was a reduction in exec pay! And as an investor, think how much could go to us/our retirements if their pay was lowered by half. I don't know how stockholders put up with this.

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rayk1800Jun. 19, 11 4:39 PM

CEO pay is a nit on the bottom line in most cases. There is a lot of responsibility in that position that most people wouldn't want. My wife worked at Target Corporate for 25 years and finally quit and started her own company which by the way is successful and growing. Since we still have Target stock in the 401K, I watch Target closely. In the area my wife managed, they truly needed an IT Business Analyst to bring the processes up to date technology wise. I think TGT management is doing a good job and it will payoff for the investors. I want driven people running TGT and if money helps drive them, so be it. Too many people just work for paycheck and don't work to build the company.

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dbsdbsJun. 19, 11 8:48 PM

If "many CEOs still had reasons to smile" about their compensation, I'd suggest that they can ALL smile about pay and bonuses that in one year exceed what many workers will make in a lifetime.

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dorianmodeJun. 23, 11 6:58 AM

Steven Hemsley's (UHC) 48,000,000 is seriously obscene. The board should be sued for breach of their fiduciary responsibility for allowing this disgrace. The State of MN needs to make all health care NON-PROFIT !

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