The list was determined by Dartmouth professor and author Sydney Finkelstein, and Brian Dunn made the cut due to the company’s poor performance—not because of the much-publicized scandal involving his alleged relationship with a female subordinate.
Author’s archive
IronGate Data Centers is already preparing a 270,000-square-foot expansion to its 85,000-square-foot east metro data center; the company aims to attract “very large users” from the East Coast.
Vélo, which will cater to residents with active lifestyles, will offer 101 luxury units and its first level will include 12,000 square feet of retail space.
At least one securities analyst believes Caribou could fetch a higher purchase price, while another said that the $16-per-share offer accounts for the chain’s growth potential as well as its recent “choppy” financial performance.
Tokyo-based Sumitomo Chemical now owns a 76 percent stake in local insect control business MGK.
The health care insurer, which pushed out its former chief executive in July, has appointed Michael Guyette as its next leader.
Rankings were based on percentage of residents that volunteered in 2011, which was 37 percent for the Twin Cities area and 38 percent for Minnesota.
The users of dining-reservation platform OpenTable selected The Capital Grille and Restaurant Alma as two of the top 100 U.S. restaurants.
Appert’s President Joe Omann said that Sysco plans to retain the company’s 300 workers, and being acquired by an industry leader will likely lead to additional growth in Minnesota.
Korn/Ferry International said it will pay between $80 million and $95 million to acquire Minneapolis-based PDI Ninth House, a provider of talent management and leadership development solutions.
Minneapolis plans to raise property taxes by about 1.77 percent, while St. Paul’s budget calls for a 1.9 percent increase.
The new services were announced as the Oakdale-based company, which has long offered physical data storage devices, is struggling to make a profit.
The hacker group that claimed to have disrupted several national banks’ websites in September appears to have launched a second round of attacks, and Minneapolis-based U.S. Bancorp is once again a victim.
Charlie Zelle, who will begin his new role on January 15, succeeds Tom Sorel, who left his post at the end of November to lead AAA Minneapolis.
Members of the Business Roundtable—which includes some CEOs who head Minnesota companies—said they support “a balanced solution to the fiscal cliff and long-term deficit and debt issues,” adding that “no options should be precluded from a potential solution.”
The company recently bought Iowa-based Mason City Business Systems, Inc., which expands its presence in the state and marks the company’s biggest acquisition to date.
J.J. Taylor, which employs about 230 in Minnesota, is acquiring Chisago Lakes Distributing, a 35-employee distribution company located north of the Twin Cities.
While working at Environmental Tillage Systems, Ronald Lea Schaeffer allegedly wrote false checks from the company to himself and used the stolen funds to build a lake house in Elysian, Minnesota, and to make payments on home equity or auto loans.