Minnesota CEO pay: Lots of options

  • Article by: PATRICK KENNEDY and JOHN J. OSLUND , Star Tribune
  • Updated: July 29, 2013 - 9:46 AM

Chief executives across Minnesota rushed to convert their stock options into cash and stock last year, riding a bull market that jumped more than 16 percent in 2012.

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pitythefoolsJul. 28, 13 9:13 AM

And in other news: "4 in 5 in US face near-poverty, no work"

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thoroughbred21Jul. 28, 13 9:38 PM

It is always saddening to read about the giant earnings of the least constructive workers. Both the "top 10" lists on page D10 were dominated by UnitedHealth and Buffalo Wild Wings management: one profits from our costly and dysfunctional health care system, and the other sells food that makes people unhealthy. How poetic.

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foreseer2Jul. 30, 13 4:13 PM

The next time the Star Tribune looks at executive pay, it should consider some additional questions. Here are a few: 1. What is the trend in compensation of the CEO for the company over the last five years, and how does that relate to stock price and the value of the company? 2. Did the CEO get a large increase in a year that a significant number of employees got laid off, or was headcount stable or growing? 3. How does the compensation relate as a ratio to the average compensation of other employees at the company as well as a percentage of total revenue? In international comparisons, our CEOs make many times as much income as their international executive counterparts. If a company had a great year (or great last five years), resulting in hiring new people, raising pay levels and growth in profit and dividends, then the CEO deserves very generous compensation. However, if the CEO compensation is trending up, even though the company has and continues to shed employees and hold down pay increases, there is something wrong. As there is getting to be more shareholder oversight, there can be a new expectation that compensation is based on personal and company performance, and compensation increases are not limited to senior leadership but also include the troops. The impulse of compensation committees to pay CEOs (but not other employees) better than average for the industry and company size needs to be curbed.

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