Household incomes in Wisconsin plunged 2.2% from 1999 to 2005, the worst decline in the nation, according to a recent report.
But not everyone is sharing the pain.
We Energy Chairman and CEO, Gale Klappa, earned total compensation of $7.9 million last year including a salary of $1 million up from $962,000 in 2005. Not bad for running a company that as a regulated monopoly is guaranteed a profit!
Bemis Co. Inc of Neenah paid its President and CEO, Jeffrey Curler, $5.8 million with a base salary of $1 million, up from $950,000 the year before. His $50,000 increase was more than Wisconsin’s median household income of $44,650.
And Fiserv Inc. reported that its CEO, Jeffrey W. Yabuki, received total compensation of $4.4 million.
Not bad work if you can get it.