John Erickson, President and CEO of Otter Tail Corporation, is 37th highest paid executive in Minnesota. Erickson joined Otter Tail Corporation in 1980 and made his way up through the Fergus Falls-based organization. In 2008, Erickson earned $482,000 and also made $360,260 in stock gains. The highest paid executive in Minnesota, however, is Daniel Starks, who is the CEO of St. Judes Medical, Inc. in Little Canada. Starks earned $993,750 in 2008 with St. Judes and also earned $29,817,288 through stock gains.
i am glad that they figured that they neede a rate increase with salaries like this.
Erickson makes way more than is stated. I don’t know where this low figure came from, but trust me when I say he makes double if not more than the above figure. He gets more than $100,000 per board of director meetings and they hold at least 6 of those a year.
Now they want to re-coop their losses through their gamble they made on the Big Stone II project. And who do they want to pay for their gamble? The rate payers. And of course the PUC’s of both Minnesota and South Dakota will go along with another rate increase.
What happened? I thought the PUC was elected to protect comsumers??? Somebody is getting money slipped in their pockets on the side!!!