Highlight industries Retail Overlay Health Overlay Financial Overlay Manufacturing Overlay Energy Overlay IT Overlay
Executive Company 2016 Rank 2016 total comp. 2015 Rank 2015 total comp. 1-year percent change 1-year percent stock change
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Omar Ishrak
*
Medtronic plc 1 50,989,783 2 40,500,470 25.9 8.5
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Jeffrey Ettinger
*
Hormel Foods Corp. 2 35,857,999 21 5,691,736 530.0 15.7
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Stephen Hemsley UnitedHealth Group Inc. 3 31,298,553 6 20,093,213 55.8 38.4
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Richard Davis
*
U.S. Bancorp 4 29,390,770 5 21,754,748 35.1 23.4
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Douglas Baker Ecolab Inc. 5 25,315,464 3 23,772,803 6.5 3.8
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Randall Hogan Pentair plc 6 23,189,843 16 10,697,791 116.8 14.0
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Michael Hoffman
*
The Toro Co. 7 21,530,276 15 11,070,525 94.5 29.1
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Gary Hendrickson Valspar Corp. 8 20,168,485 13 11,298,236 78.5 24.8
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Benjamin Fowke Xcel Energy Inc. 9 18,500,718 14 11,169,431 65.6 17.1
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Hubert Joly Best Buy Co. Inc. 10 16,807,608 4 23,256,551 -27.7 67.7
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Inge Thulin 3M Co. 11 16,760,615 8 15,620,581 7.3 21.7
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James Cracchiolo Ameriprise Financial Inc. 12 15,083,018 1 41,829,330 -63.9 7.7
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Kendall Powell
*
General Mills Inc. 13 14,302,884 9 14,815,089 -3.5 15.3
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Joseph Puishys Apogee Enterprises Inc. 14 9,221,760 10 14,199,310 -35.1 47.4
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Brian Cornell Target Corp. 15 9,084,240 18 8,980,274 1.2 -8.1
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Patrick McHale Graco Inc. 16 7,977,846 28 4,247,052 87.8 17.4
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Lee Schram Deluxe Corp. 17 7,445,143 30 3,444,384 116.2 33.8
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Douglas Milroy
*
G&K Services Inc. 18 7,246,511 12 11,636,199 -37.7  
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Andrew Duff
*
Piper Jaffray Companies 19 6,081,980 22 5,574,868 9.1 79.5
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James Owens H.B. Fuller Co. 20 5,879,823 36 2,857,616 105.8 19.6
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Scott Wine Polaris Industries Inc. 21 5,603,493 7 18,972,508 -70.5 -1.7
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James "Joc" O'Rourke Mosaic Co. 22 5,017,961 NR 3,594,371 39.6 10.7
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Arthur Przybyl ANI Pharmaceuticals Inc. 23 4,750,811 41 1,809,651 162.5 34.3
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Kevin Gilligan
*
Capella Education Co. 24 4,732,424 37 2,716,017 74.2 95.0
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T. Michael Miller
*
OneBeacon Insurance Group 25 4,718,405 25 4,844,846 -2.6 37.3
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Archie Black SPS Commerce Inc. 26 4,190,551 27 4,665,251 -10.2 -0.5
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Scott Anderson
*
Patterson Cos. Inc. 27 4,090,178 39 2,258,990 81.1 -5.8
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Sally Smith Buffalo Wild Wings Inc. 28 3,393,662 17 10,416,256 -67.4 -3.3
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Gary Maharaj
*
Surmodics Inc. 29 3,216,430 54 835,492 285.0 37.8
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Charles Kummeth Bio-Techne Corp. 30 2,780,459 33 3,111,132 -10.6 16.1
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John Wiehoff C.H. Robinson Worldwide Inc. 31 2,672,076 23 5,534,194 -51.7 21.0
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Daniel Hanrahan
*
Regis Corp. 32 2,556,484 34 2,962,070 -13.7 12.5
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H. Chris Killingstad Tennant Co. 33 2,546,846 35 2,922,062 -12.8 28.3
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Craig Dahl TCF Financial Corp. 34 2,263,288 NR 1,416,682 59.8 41.9
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Brett Heffes Winmark Corp. 35 2,241,877 61 609,180 268.0 36.2
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LuAnn Via
*
Christopher & Banks Corp. 36 2,026,564 53 866,577 133.9 -24.3
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Ron Konezny Digi International Inc. 37 1,774,863 56 796,818 122.7 -3.3
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Thomas Stoelk Northern Oil and Gas Inc. 38 1,695,508 NR     -28.8
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Shelly Ibach Select Comfort Corp. 39 1,572,727 42 1,753,933 -10.3 5.7
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Jeffrey Graves MTS Systems Corp. 40 1,555,779 47 1,436,462 8.3 -21.6
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Cheryl Beranek Clearfield Inc. 41 1,438,122 51 904,999 58.9 40.0
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Alan Hodnik Allete Inc. 42 1,425,288 45 1,465,142 -2.7 30.9
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Christopher Metz
*
Arctic Cat Inc. 43 1,349,440 NR      
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Patrick Hawkins
*
Hawkins Inc. 44 1,321,436 49 1,004,282 31.6 -2.9
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Tod Carpenter Donaldson Co. Inc. 45 1,295,818 NR 970,885 33.5 9.9
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Mark Gross Supervalu Inc. 46 1,211,238 NR 425,622 184.6 -23.3
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Charles MacFarlane Otter Tail Corp. 47 1,118,709 44 1,475,754 -24.2 59.5
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Victoria Holt Proto Labs Inc. 48 1,093,415 48 1,263,556 -13.5 -19.4
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Chris Homeister Tile Shop Holdings Inc. 49 1,055,000 57 716,625 47.2 19.2
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Jon Sabes GWG Holdings Inc. 50 878,153 62 606,305 44.8 23.3

The Star Tribune examined annual proxy statements and 10-K filings for the largest publicly held companies in Minnesota. All data are for the most recently completed fiscal year, which in most cases was the 2016 calendar year. Some executives were not included if their pay information was not available at press time. Executives are ranked based on total compensation. The Star Tribune counts salary, bonus, other compensation, the value of restricted stock that vested during the year and the value of options that were exercised during the year. Information was taken from proxy statements filed before June 1, 2017.

ABBREVIATIONS:
Ch - Chairman
Chw - Chairwoman
CEO - Chief Executive Officer
P - President
COO - Chief Operating Officer
Sec. - Secretary
NM - Not meaningful
NR - Not ranked
- Means not available
Source: Company reports

 

Total compensation for CEOs at 50 public companies in Minnesota increased 16.2 in 2016. Retiring executives at major companies realizing the value from their long-term equity awards drove overall compensation. We looked at the compensation packages of CEOs and other executives from proxies filed before June 1, 2017.

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