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Minnesota Commerce Commissioner Mike Rothman announced Wednesday the $14 million settlement with Prudential that pertains to unclaimed death benefits.
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.
Amid an insider-trading probe, federal prosecutors reportedly subpoenaed Cardiovascular Systems; there have been no allegations of wrongdoing.
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.
St. Cloud-based scrapbooking company Creative Memories filed for bankruptcy for the second time in five years and plans to lay off 163 employees.
Use the underdog effect to become a top dog.
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.
Why accountability counts.
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.
Read this month's issue of Twin Cities Business.
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Twin Cities Business is Minnesota’s leading provider of business news, insight, and analysis through a monthly magazine, twice-weekly e-newsletter, daily online news stories, events, and an annual business information guide. Along with our readers, we get to know the personalities of our region’s most influential leaders, exploring the “how” behind their success, strategies, and solutions. We discuss today’s most pressing issues, examine trends and outlooks, and provide the context, perspective, and information leaders have come to depend upon.
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