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Leadership
The Twin Cities ranked high for education but received low marks for job growth and cost of doing business; overall, however, the metro area moved up considerably in this year’s ranking.
How much should we trust the monthly unemployment reports?
The company says the cash and stock awards are “necessary to enable a stable CEO transition and appropriate continuity of leadership”; Best Buy’s founder, meanwhile, is reportedly attempting to take the company private.
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The company says the cash and stock awards are “necessary to enable a stable CEO transition and appropriate continuity of leadership”; Best Buy’s founder, meanwhile, is reportedly attempting to take the company private.
The City of Minneapolis spent $467,139 on staff and contract lobbyists last year, the most of any local government in the state.
Honoring five lifetimes of achievement.
General Electric Capital Corporation, Fredrikson & Byron, and the John T. Petters Foundation will collectively pay nearly $34 million to settle clawback lawsuits filed by bankruptcy trustee Doug Kelley.
Joseph Steven Meyer and other co-conspirators allegedly defrauded mortgage lenders in conjunction with a condo project of bankrupt St. Paul developer Jerry Trooien, who has not been charged.
Leaders of Infinite Campus, Proto Labs, Tornier, and TCF Financial Corporation were recognized as winners for the Upper Midwest region and will now compete at a national awards event.
J.C. Penney—which has been wrestling with customer and sales declines—provided no reason for the abrupt departure of Michael Francis, who joined the company in October.
After his retirement, Al Annexstad—who also served as CEO for 10 years—will continue to serve as a member of the company’s board of directors.
At the top of the list is a $24 million mansion on Lake Minnetonka in Orono, which is currently owned by former Vikings co-owner James Jundt.
A company executive said that General Mills doesn’t typically take positions on ballot measures, but “this is a business issue that impacts our employees.”
Richard Schulze said Thursday that he would immediately step down from Best Buy’s board and is looking at options for the fifth of the company that he owns; he was scheduled to step down as chairman on June 21 and serve out the remainder of his director term, which goes through June 2013.
Maplewood-based 3M and Golden Valley-based General Mills ranked 30th and 91st, respectively; to compile the list, The Reputation Institute ranked 100 global businesses based on a survey of 47,000 consumers.
MentorMate, The Nerdery, and MPay Gateway made the inaugural "Flyover 50" list—which recognizes the 50 fastest-growing companies that are based in the middle of the country.
Leadership changes announced Wednesday come on the heels of former Chief Operating Officer Shelly Ibach’s June 1 transition to president and CEO.
Former M&I Bank executive Jeanne Crain will serve as president and CEO of the Twin Cities region beginning June 18.
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