The average working Minnesotan earns $46,000 annually. CEOs at publicly traded S&P 500 companies in the state get paid a mean $13.8 million -- or 305 times more than you do, according to the AFL-CIO's annual report on executive pay.
New Target Corp. CEO Brian Cornell topped the list. The retailer's head exec enjoyed a cool $28 million total compensation package in 2014. The sum included the perk of more than $100,000 worth of personal flights on corporate jets.
Cornell's pay was 779 times what the average U.S. worker makes at $36,000 annually.
Other state CEOs who enjoyed a bullish 2014 were: U.S. Bancorp's Richard Davis, who received $19.4 million in 2014; UnitedHealth Group Inc.'s Stephen Hemsley at $14.9 million; and Ameriprise Financial Inc. CEO Jim Cracchiolo, whose package totaled almost $25 million.
On a positive note, the earning chasm between Minnesota CEOs and the rest of us was smaller than the national average.
According to the report, CEO pay nationwide averaged $13.5 million per year. That's 373 times what the average American worker makes.
Before you get too pumped, consider: Davis's salary at U.S. Bank last year represented a 79 percent raise from the prior year.
According to the Bureau of Labor Statistics, the average American worker's hourly raise from 2013 to 2014 amounted to 40 cents.
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