M&A investment banker Jack Helms shares tales of his career—and his love of small business.
Leadership
The struggling electronics retailer on Tuesday revealed compensation arrangements for Hubert Joly, who left global hospitality company Carlson to become its next chief executive.
Eden Prairie, Woodbury, Eagan, Lakeville, and Maple Grove are among the best small U.S. cities in which to live, according to an annual ranking by CNN’s Money magazine.
The list, which includes some familiar names, is based on each company’s percent revenue growth between 2008 and 2011.
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The list, which includes some familiar names, is based on each company’s percent revenue growth between 2008 and 2011.
Rautio replaces Hubert Joly, who will take the helm at Best Buy Company early next month; she is the fifth chief executive in Carlson’s 74-year history and the second female to serve in the top spot.
Best Buy said that Hubert Joly has successfully turned around companies in the media, technology, and service industries—but the company’s stock slid Monday on news of Joly’s appointment, and analysts’ reactions appear mixed.
Chad Anderson and Troy Huston each face up to five years in prison for allegedly brokering fraudulent mortgage loans.
In a letter to the company’s board, the Best Buy founder repeated an earlier request for permission to form a group to conduct due diligence and develop a more formal offer; “I am not going away,” he wrote.
Minnesota companies would reportedly need to boost exports at a rate of nearly 15 percent each year in order to achieve Governor Dayton’s goal to double the value of exported items by 2017.
Local companies on the list are Dero Bike Racks, Clientek, Colle+McVoy, Renters Warehouse, Quality Bicycle Products, Caldrea Company, and Haberman.
Chris Coleman’s proposed 2013 budget would reduce spending by $1 million, increase the property-tax levy by 1.9 percent, and restore $1 million in funding to the police department.
Philip James Pariso faces four felony charges for a Friday bomb threat in downtown Minneapolis that prompted the evacuation of Gaviidae Common and the closures of several nearby streets.
The board of directors decided to dismiss President and CEO Kenneth Aubrey, citing the company’s underperformance; meanwhile, board member Michael Doyle resigned because he disagreed with the decision.
Year-to-date, the number of new business filings in Minnesota is up 16 percent from the same period last year.
Analysts reportedly say that Schulze’s efforts to reclaim the company with a team of Best Buy veterans could put the current board on the defensive and lead it to hire a chief executive who has more prominence in the retail sector than Interim CEO G. “Mike” Mikan.
Five years from now, Minnesota will be the second-best state to live in, behind only Utah, according to a recent national poll.
A recent study found that low levels of education among Minnesota’s immigrants, many of whom entered the country as refugees, has raised the poverty rate.
A new report by UnitedHealthcare found that most seniors expect their quality of life to remain consistent or improve during the coming decade—but many are financially unprepared.
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