Scott W. Wine is the former CEO of Polaris Industries, taking the helm in 2008 and leading the company through various challenges until his resignation in 2021. With a degree in Business Administration from the University of Minnesota, Wine has...
Scott W. Wine is the former CEO of Polaris Industries, taking the helm in 2008 and leading the company through various challenges until his resignation in 2021. With a degree in Business Administration from the University of Minnesota, Wine has always had a keen sense for business. Before Polaris, he worked at CNH Industrial and held senior positions at major companies like Allied Signal and Danaher. During his time at Polaris, Wine emphasized a pay-for-performance model in executive compensation, aligning it closely with company performance metrics. This philosophy was evident in his own compensation packages, which included a substantial base salary and performance bonuses based on the company's earnings. In 2023, his total compensation was reported to be $2.1 million, which reflects a major drop from prior years, indicating the volatility of executive pay tied to business outcomes. An interesting fact about Wine is that he once vested 245,000 shares in a single transaction valued at nearly $17.8 million, showcasing how closely his wealth was tied to Polaris’s stock performance. Scott's leadership has had a significant impact on Polaris, especially in aligning the company's strategy with shareholder interests, ultimately shaping the business landscape for years to come.