It should be reassuring that, in a year that saw steep stock market declines, total compensation for the average Minnesota-based CEO also dropped in 2000. And it also should be no surprise that there are a couple of extraordinary exceptions to that rule.
Shareholders and butterflies prosper under McGuire
William McGuire's decade-long reign as CEO of UnitedHealth Group has brought prosperity to the company, its shareholders, and himself. It's also been good for butterflies.
Detail-oriented Metris CEO makes no apologies
Ron Zebeck, the boss at booming Metris Companies since 1994, disputes the notion that he made $53.5 million last year. Sure, he knocked down $2.75 million in salary and bonus in 2000. But most of his 2000 compensation package resulted from gains that came when he converted option shares priced years ago at around $1 per share into common stock worth $25 a share in 2000.
| More financial information |
Nonprofit 100
| About this project |
The 2000 Star Tribune compensation survey examined data from more than 200 of the largest publicly held companies based in Minnesota. Proxy information was not available at press time for some companies.
| Credits |
Research: Patrick Kennedy.
Design: Michael Carroll and Jim Foster.
Support: Dan Freeborn.
Project supervision: John Oslund.
Copy editing: Bill Schuster.
Online: Will Outlaw.