There's some great information among the pages of the January, 2008 issue of Minnesota Monthly. The magazine has just released its annual "Who Makes What" survey of Minnesota income information.
The juicy salary information includes some very important statistics about the Minneapolis and Saint Paul economy. For example, the article reveals that a dollar goes a lot farther in the Twin Cities than it does elsewhere, comparing prices for various commodities compare with cities such as New York, Seattle and Omaha, Nebraska.
The Minnesota economy is apparently alive and well, despite the ups and downs of the national economic scene. Healthy Minnesota CEO salaries and gold-braid corporate benefits tell the story.
The study takes a closer look (as you might expect) at the list of billionaire Minnesotans who made the most recent Forbes 400 list of the wealthiest people in the United States. The list isn't exactly a surprise. Minnesota Twins owner Carl Pohlad and Minnesota Timberwolves owner Glen Taylor made the list. So did Stanley S. Hubbard, Richard Schulze (of Best Buy Corporation), and Dwight Opperman, with West Publishing. The MacMillan brothers, Whitney and Cargill, and the daughters of Curt Carlson also grabbed the brass ring.
Conspicuous by the fact that his net worth was listed as "Unknown", former United Health CEO Bill McGuire is probably worth about $1.2 billion. McGuire reportedly resigned United Health in 2006 because of a stock options scandal.
There were a few more interesting salary tidbits in the article. Minnesota Orchestra Music Director Osmo Vanska earns a whopping $703,423 (that's the equivalent of over nine musician salaries). Guthrie Artistic Director Joe Dowling, by comparison, earns a modest $401,000 annually. There's more of course, but you'll have to purchase your own copy of Minnesota Monthly to get the latest scoop on Minnesota celebrity paychecks.
Eric - Wow! Billionaire is just hard to wrap my mind around. Sounds like the Minnesota Monthly would be a must read for anyone in business in Minnesota. Excellent info.