STAFF BLOG TWIN PORTS BUSINESS Who made $1.9 million last year in Duluth?
Among the top paid CEOs in Minnesota last year was Donald Shippar, Allete's former CEO.
Shippar's total compensation for 2009: $1,921,814.
That ranked him as 39th in pay among CEOs of MInnesota p... Posted on 8/6/10 at 6:47 AM
Allete Inc. on Friday reported a softer first quarter than last year. During the first three months of this year, the Duluth-based parent company of Minnesota Power earned $16.9 million — about
28 percent less than it did during the same period in 2008.
Allete Inc. announced Thursday that it will boost the quarterly dividend paid to investors by one penny in 2009 to 44 cents per share. This equates to a 2.3 percent increase. The first of these larger dividends will be paid March 1 to common stock shareholders who were on record at the close of business Feb. 16, 2009.
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