More Minnesota companies tying environmental, social goals to executive pay

Xcel Energy’s record on employee and public safety last year helped CEO Ben Fowke earn an annual cash-incentive bonus of $2.9 million.

The bonus, along with his $1.25 million salary and $22 million in restricted stock, contributed to Fowke ranking third on the Star Tribune’s annual executive-compensation list for Minnesota public companies with total pay of $26.2 million.

As more investors and companies are placing greater emphasis on environmental, social and governance factors, referred to as ESG, the philosophy is starting to work its way into more discussions on how companies can achieve those goals and if they should be used in executive pay formulas. Read Full Article - StarTribune, July 19, 2019