Skip to main content

Supervalu shells out $12.7M to CEOs in 2012

  • Author:
  • Updated:

During a year when hundreds of company employees were laid off, the three top executives who led Supervalu during the 2012 fiscal year were paid a combined $12.68 million, the Pioneer Press reports.

Craig Herkert, who left the embattled Eden Prairie-based grocer last July, was paid $4.7 million last year.

Wayne Sales, who replaced Herkert as chief executive officer until February of this year, was paid $5.3 million in executive compensation.

Current CEO Sam Duncan was paid $2.7 million, which included a $500,000 bonus and $2.1 million in option awards.

Supervalu sold off five of its supermarket chains in March to an investor group led by Cerberus Capital Management for $3.3 billion.

Shortly after the sale, the company announced it was eliminating roughly 1,100 jobs, including 600 in Minnesota.

Next Up

Minneapolis police

Man stabbed to death in his Minneapolis home identified

The victim's wife had an order of protection out against the suspect.

FLickr - AL Franken 2016 - Lorie Shaull

Al Franken filling in as guest host of 'Jimmy Kimmel Live'

Franken, a comedian and former Minnesota senator, will perform comedy four nights in a row in Minneapolis following the appearance on the show.

Flickr - Minneapolis police squad - Chad Davis

1 dead, 1 critical after shooting at 38th and Chicago in Minneapolis

It's the second killing in a week at the intersection in south Minneapolis.

Screen Shot 2022-08-14 at 10.24.22 AM

Teen driver crashes into parked payloader; 16-year-old passenger dies

The crash happened early Saturday morning in Waconia.

Screen Shot 2022-08-14 at 10.10.50 AM

Barrage of gunfire injures boy in Brooklyn Park; vehicles, apartments damaged

Police say they recovered evidence that more than 40 rounds were fired in the shooting.

Screen Shot 2022-08-14 at 9.15.07 AM

Minnesota Wild back away from thin blue line T-shirt giveaway

The giveaway backfired when word of it reached social media.

Screen Shot 2022-08-13 at 1.26.13 PM

Workers at Minneapolis Trader Joe's become 2nd in nation to unionize

The vote was certified by the National Labor Relations Board Friday.

ATV, all-terrain vehicle

Driver killed in ATV crash in Brooklyn Park

The crash occurred in Monroe Park Friday night.


Woman killed by suspected drunk-driver in St. Louis County

The crash occurred on Highway 21 in Embarrass Township Friday night.