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.
Leadership
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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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.
Marcus Fischer, who previously worked for Carmichael Lynch before joining Space150, has returned to the agency as part of its management team.
Current CEO Wayne Fortun will take over as chairman following co-founder Jeffrey Green’s retirement from the position.
Capella University said that the proposed marriage amendment will negatively impact local companies’ ability to attract and retain employees; Mayo Clinic, meanwhile, will reportedly not take a position on the proposed amendment.
Richard Schulze offered $24 to $26 a share. The company described the offer as “highly conditional,” and one analyst said that the move seems “more like a negotiating tactic than a fully-funded and committed offer.”
Employees and commissioners have helped the county save approximately $4.4 million in the past two years through voluntary unpaid leaves and returned pay.
Carleton College was the highest-ranked Minnesota school, coming in at 31st on Forbes’ annual list of the best colleges and universities in the nation.
Pat Murray, son of the restaurant’s founders, died Monday at his home in Lake Elmo.
Glen Taylor has reportedly found a successor who could soon buy a stake in the Timberwolves and eventually become majority owner, although Taylor plans to maintain a stake in the team for several years.
Robert Bosch Healthcare Systems claims that Chanhassen-based Cardiocom infringed on six of its patents, but Cardiocom denied the allegations.
Jennifer Ford Reedy, who currently serves as chief of staff and vice president of strategy for Minnesota Philanthropy Partners, will assume the new position on September 4.
Florness is known for his tight expense and inventory control measures, according to The Wall Street Journal.
Teresa McFarland’s new firm, McFarland Communications, will offer many of the same traditional PR services as McFarland Cahill Communications, but it will increase its focus on content creation for digital platforms.
Former CEO Brad Anderson and former President and Chief Operating Officer Al Lenzmeier are reportedly among those Richard Schulze is recruiting for his executive team as he attempts a private takeover.
Following disappointing quarterly financial results and amid a review of “strategic alternatives,” including a possible sale, Supervalu has dismissed its CEO.