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Monday P.M. Report

Supervalu CEO Herkert gets $10M, report says Twin Cities a fun place to be, state pushes for Burnsville Goodrich expansion, and Harmon Killebrew now pitching for his root beer brand.

Supervalu CEO Herkert gets $10M: Supervalu CEO and President Craig Herkert received $10.8 million in total compensation in his first year at the company’s helm. Herkert took over as Eden Prairie-based Supervalu’s CEO three months into the fiscal year, replacing Jeff Noddle, who stayed on as chairman. Herkert, a former Wal-Mart executive, received a salary of $653,846 and $398,183 in cash-based performance incentives, and almost $7 million from stock awards. Read full story

Report: Twin Cities a fun place to be: Whether it’s playing blackjack at an American Indian casino or taking a boat out onto the lake, Twin Cities residents have a lot more opportunities than others in the country to have fun, according to the latest analysis from
bizjournals. The Minneapolis-St. Paul area came in 10th among 100 U.S. metro areas in a “Fun City” report that used statistics from the U.S. Census Bureau’s 2007 Metro Business Patterns report. The Twin Cities enjoyed a boost in the rankings because it came in ninth for gambling. It also came in 10th for both high-impact sports opportunities, such as skiing facilities, fitness centers and recreational sports centers, and low-impact sports opportunities such as golf courses and country clubs, bowling centers and marinas. Read full story

State pushes for Burnsville Goodrich expansion: Goodrich Corp.’s Sensors and Integrated Systems division is looking to expand, and city and state officials are looking into incentives to encourage growth of the company’s Minnesota operations. The city of Burnsville is in negotiations to see what kinds of incentives it can provide to Chula Vista, Calif.-based Goodrich. Read full story

Now pitching for RJM’s Killebrew Root Beer: Harmon Killebrew: Minnesota Twins hall of famer Harmon Killebrew has reached a deal with RJM Distributing to endorse soft drinks that already bear his name. In March, Ramsey-based RJM signed a deal to become the exclusive licensee, manufacturer and distributor of Killebrew Root Beer and Cream Soda. Now, the company has reached a deal for Killebrew to make personal appearances at marketing events and lend his name and image to advertising, point-of-purchase materials and packaging. Read full story