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 7:47 AM
Allete, the parent company of Minnesota Power, attributed the lower expected earnings to a recent decision by the Minnesota Public Utilities Commission not to grant the full rate increase requested by Minnesota Power last year.
Despite an unprecedented drop in demand from Allete’s largest customer — the mining industry — Don Shippar, CEO and chairman, put a brave face on his company’s future at an annual shareholders’ meeting Tuesday at the Duluth Entertainment Convention Center.
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