Minnesota's 50 highest-paid CEOs, with No. 1 earning $120M

Star Tribune Top Executives

As a whole, the 50 highest paid CEOs of Minnesota-based public companies last year realized $650.1 million, an increase of less than 1% over the aggregate amount the year before. However, the median pay rose 31% to $6 million, and, unlike prior years, all 50 made more than $1 million. The highest compensated CEO, David Ossip of Ceridian HCM Holding, took in more than $120 million — the largest pay package since 2007 and one of the three largest packages in the more than 30 years that the Star Tribune has tracked CEO pay. The largest went to a former CEO: UnitedHealth Group’s former CEO David Wichmann, who exercised all his vested options after he left the health care giant in early 2021, realized $142.4 million in total compensation.

By Patrick Kennedy • Star Tribune • July 23, 2022

By Patrick Kennedy
Star Tribune • July 23, 2022

As a whole, the CEOs on this list realized a collective $650.1 million last year. Median pay rose 31% to $6 million, and unlike prior years, all 50 made more than $1 million.

By Patrick Kennedy Star Tribune

July 23, 2022 — 7:57am

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Methodology: Information on the largest CEO pay packages comes from the company's annual proxy or other corporate filing with the Securities and Exchange Commission. The Star Tribune counts total compensation as the sum of salary, bonus, cash-based incentive plan compensation, miscellaneous compensation, and the value of exercised stock options and restricted stock that has vested during the year.

The CEO pay ratio is based on the CEO’s total compensation from the summary compensation table as prescribed by the SEC, which is salary, bonus, cash-based incentive plan compensation, miscellaneous compensation, and the grant date value of new stock options and restricted stock awards. Smaller reporting companies are not required to disclose the pay ratio.

Star Tribune graphic: Patrick Kennedy, Tom Nehil

Business reporter Patrick Kennedy covers executive compensation and public companies. He has reported on the Minnesota business community for more than 20 years.

patrick.kennedy@startribune.com 612-673-7926

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Star Tribune Top Executives

Minnesota's 50 highest-paid CEOs, with No. 1 earning $120M

Star Tribune top executives stories