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... Other articles include the latest on gadgets, health innovations, luxury items and how to order your own bespoke car.
The April 22, 2005 business section of a "local" paper, the St. Paul Pioneer Press, printed the compensation rankings for the CEOs of publicly traded Minnesota companies (the numbers are in millions of dollars, they don't distinguish between CEO-founders and CEO's hired into a mature company):
1. William McGuire, UnitedHealth Group: 125and
2. Robert Ulrich, Target: 40
3. Jerry Grundhofer, US Bancorp: 39
4. Steve Sanger, General Mills: 18
5. Randall Hogan, Pentair: 10
6. Joel Ronning, Digital River: 8.6
7. James McNerney, 3M: 8.5
8. Kendrick Melrose, Toro: 8.1
9. Richard Rompala, Valspar: 7.8
10. Arthur Collins, Medtronic: 6.7
- the Wall Street Journal has a front page essay on America's rigid class structures
- the New York Times runs an entire series on the same topic
- Cohen and DeLong write in The Atlantic about globalization and class upheaval in near-future America. The primary thesis? There will be vastly more money and wealth going to multinational companies, but it will not go to workers exposed to the income pressures of globalization. Where it will end up settling (deflation, shareholders, senior management) is unclear and may depend on social factors such as corruption.