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.
All the figures from the Minneapolis Star Tribune.