Sky High CEO pay in Minnesota
July 19, 2021 by admin
If you live in Morris, or an area served by Otter Tail Power Company, when you get your power bill, you might wonder what the CEO of Otter Tail Power Company gets paid a year.
Well, he receives $4,318,288 a year.
Yup, you read that right. The latest figures from the Star Tribune reveals Charles McFarland gets a salary of $679,688; a bonus of $1,058,928; a miscellaneous payment of $494,370; and a stock award of $2,085, 302.
And what does the average employee of Otter Tail get paid a year? $57,467.
Oh, but he is only the 26th highest paid CEO in Minnesota. The highest is Brian Cornell, the chairman and CEO of Target. His total salary is $40,790,507. The median salary of a Target employee is $24,535.
Copy shortlink:
Christmas bells are ringing but not in Morris, Minn.
For years, chimes rang out across this small college town, tolling the hour and playing hymns and patriotic songs at funerals. They rang out from a sound system set by Ted Storck, a retired Navy commander who fell in love with the sound of carillon bells while he was stationed at the Pentagon and decided to ring those bells closer to home.
But the Morris carillon, a source of comfort and nostalgia for some, hit a sour note for others.
“The Curse of Morris” one neighbor dubbed them. Students at the nearby university complained. Someone vandalized the bells, slashing the wires powering the system. The City Council got involved.