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Don Delves, who worked with Best Buy’s compensation committee for seven years, reportedly quit after the retailer awarded retention bonuses not tied to performance to more than 100 managers.
Successful brands require TLC to serve customers
It’s important to remember that even our most esteemed leaders can make mistakes. And when they do, it’s crucial that corporate responsibility and business principles be properly administered.
NorthStar Asset Management, the firm that introduced the proposal, said that the outcome of the vote allows it to pursue the topic again at next year's annual meeting-a road that it "very well may take."
Paul Finkelstein, who in February exited the role of CEO at Regis, has now stepped down from his position as chairman and left the company's board earlier than planned.
NorthStar Asset Management says Ecolab's political contributions are inconsistent with its stated values; shareholders will vote Thursday on a proposal under which they would weigh in on anticipated contributions before they are made.
All but one of the committee members have strong ties to Minnesota; with the help of a yet-to-be-identified search firm, the committee will oversee a global search process to identify both internal and external candidates.
On the Reputation Institute's list of "America's Most and Least Reputable Big Companies," the Golden Valley-based food manufacturer jumped 14 spots from its 2011 ranking and beat out Seattle-based Amazon, last year's top-ranked company.
Best Buy, Ecolab, The Mosaic Company, Target, and Thrivent Financial for Lutherans are among 145 companies named to the Ethisphere Institute's 2012 "World's Most Ethical Companies" list.
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