The electronics giant also revealed its compensation package for interim CEO G. “Mike” Mikan, who will be considered for the permanent CEO spot; the package includes an annual base salary of $1.1 million—and a $2.2 million payment that he’ll receive in lieu of participating in Best Buy’s short-term incentive plan.
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Some experts have praised Best Buy’s handling of the recent scandal involving its former CEO, while others have said the company didn’t go far enough. Many respondents to a Twin Cities Business survey, meanwhile, said that the actions of company’s chairman didn’t merit him exiting his position.
Bahram Akradi, Douglas Baker Jr., Richard Davis, Curtis Sampson, and Sally Smith join 67 other business leaders who were previously inducted.
Bill George argues that passage of the amendment would make it difficult for Minnesota companies to recruit and retain the talented people required to build global companies.
Ryan Robinson, chief financial officer of Best Buy’s U.S. operations, is the latest top-ranking official to leave the company, which on Tuesday reported better-than-expected first-quarter revenue and adjusted earnings.
The new jobs in downtown Duluth will be professional positions, including engineers and safety specialists.
Jamie Rice is the latest appointment to the Eagan-based insurer’s executive team, which has recently seen a series of departures.
A senior vice president with the Federal Reserve Bank of Minneapolis told Minnesota Public Radio that the state’s banks are almost past the crisis period that began during the financial meltdown.
General Mills to Cut 850 Jobs, Roughly 425 in MN
Once-prominent Twin Cities restaurateur Dean Vlahos listed $45,812 in assets and $11.8 million in liabilities in his bankruptcy filing; his association with convicted Ponzi schemer Tom Petters reportedly led to his current financial situation.
Minnesota's unemployment rate fell 0.2 percent in April to a seasonally adjusted 5.6 percent, according to data released Thursday by the Minnesota Department of Employment and Economic Development (DEED). But
Eden Prairie-based medical-device maker Hemosphere, Inc., has been sold to Atlanta-based medical-device company CryoLife, Inc., for $17 million. CryoLife on Wednesday announced the completion of the deal, although Hemosphere could
Four Minneapolis eateries are among the 250 "most popular high-end restaurants" in the country, according to online reservation website Urbanspoon. For the list, the website considered more than 600,000 eateries
Medtronic, Inc., announced Wednesday that federal prosecutors have closed an investigation into the Fridley-based company's marketing practices surrounding its Infuse bone-graft product. An investigation by the U.S. Department of Justice
Masu Sushi & Robata, which opened its doors in Northeast Minneapolis last year and is gearing up to open a second outpost at the Mall of America, has recently caught
A day after unionized support staff at eight local hospitals authorized a strike, the workers on Wednesday reached a tentative contract agreement with the hospitals. The union representing the employees,
Public Broadcasting Service (PBS) said Tuesday that it launched a new website called Next Avenue that's geared toward the booming 50-plus age group-and three local company foundations granted funds for
A semi-annual forecasting tool recently revealed that commercial real estate leaders have a slightly more negative outlook of the market than they did last fall. Fifty commercial real estate leaders