Corporate Responsibility

MN, Prudential Reach $14M Settlement Over Unpaid Policies

Minnesota Commerce Commissioner Mike Rothman announced Wednesday the $14 million settlement with Prudential that pertains to unclaimed death benefits.

A Supervalu-owned Cub Foods store

Supervalu Pays CFO $300K to Stay Two More Months

Chief Financial Officer Sherry Smith was scheduled to leave Supervalu at the end of May but is now staying on until the end of July for an extra $300,000, in addition to her usual salary.

MN Med-Tech Co. Subpoenaed in Insider Trading Probe

Amid an insider-trading probe, federal prosecutors reportedly subpoenaed Cardiovascular Systems; there have been no allegations of wrongdoing.

Best Buy store

Best Buy Acknowledges Mistakes, Retools Exec. Pay

The electronics retailer said it has revamped its executive compensation practices, partly in response to backlash over a $6.6 million severance package given to former CEO Brian Dunn.

Globe

2013 International Citizen Awards

Creative Memories Files Ch. 11, Will Cut 163 Jobs

St. Cloud-based scrapbooking company Creative Memories filed for bankruptcy for the second time in five years and plans to lay off 163 employees.

Mark Sheffert

Have No Fear, the Underdogs Are Here!

Use the underdog effect to become a top dog.

American Crystal Sugar’s Hillsboro, North Dakota facility

Fewer Crystal Sugar Workers Eligible for 5th Contract Vote

The locked-out workers are meeting to vote on American Crystal Sugar Company’s contract offer, which remains nearly unchanged since 2011, for the fifth time.

Mark Sheffert

The Seven Habits of Highly Mediocre People

Why accountability counts.

Richard Schulze

Schulze Rejoins Best Buy, Is Paid Up to $2.1M, Plus Salary

Best Buy founder Richard Schulze, who did not submit a takeover bid prior to a recently passed deadline, has been named chairman emeritus; former executives Brad Anderson and Al Lenzmeier, meanwhile, have joined Best Buy’s board.

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