The Wirth Companies owner Jeffrey Wirth admittedly conspired with his ex-wife and their tax preparer to evade federal taxes, funnel money out of the company, and use the funds for personal expenses, including the building of a mansion on Lake Minnetonka.
Leadership
While some experts have given the company high marks and praised it for taking a bold tack, others argue that the board was too lenient and should have taken a harsher approach.
An independent investigation found that Best Buy's ex-CEO Brian Dunn violated company policy by engaging in a close personal relationship with a female employee-and that Chairman and founder Richard Schulze "acted inappropriately" when he failed to notify the company's audit committee after learning about allegations of such a relationship.
Jared Mitchell Rothenberger, 43, of Minneapolis, was charged Wednesday in federal court and accused of defrauding mortgage lenders out of millions of dollars in connection with the Chateau Ridge condo development in Burnsville.
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Jared Mitchell Rothenberger, 43, of Minneapolis, was charged Wednesday in federal court and accused of defrauding mortgage lenders out of millions of dollars in connection with the Chateau Ridge condo development in Burnsville.
Based on their annual revenue growth rates over a five-year period, Minneapolis-based Atomic Data, Dero, and On-Demand Services Group made a list of the fastest-growing businesses that are located within core urban areas in the United States.
Stephen Clough, a former owner of Shakopee-based pump manufacturer Gamma Vacuum, pleaded guilty to failing to pay nearly $1 million in federal income and employment taxes that were withheld from workers.
According to the Star Tribune, the electronics retailer is exploring whether some of its top leaders improperly withheld information from its board and whether former CEO Brian Dunn used company-leased aircraft in connection with a relationship he's alleged to have had with a female subordinate.
Inge Thulin, who on Tuesday became chairman of 3M, said he aims to grow 3M to a $50 billion company.
Career website Glassdoor compiled a list of companies offering the 20 highest-rated internship programs in the country based on survey responses from current and former interns-and Target ranked 15th.
The top-ranking local company is Minnetonka-based UnitedHealth Group, Inc., which didn't move from its 22nd-place ranking on last year's list; however, 14 of the 19 Minnesota companies on the list fell in ranking from last year-some substantially.
NorthStar Asset Management, the firm that introduced the proposal, said that the outcome of the vote allows it to pursue the topic again at next year's annual meeting-a road that it "very well may take."
Dave Deno-who served as chief financial officer of Best Buy's international division and as president of its Asia region-has left the company to become executive vice president and chief financial officer of OSI Restaurant Partners.
Barry Judge has reportedly left his role as chief marketing officer at Best Buy, and Stephen Gillett, who was recently appointed to lead the company's digital efforts, will now also oversee its marketing operations.
Paul Finkelstein, who in February exited the role of CEO at Regis, has now stepped down from his position as chairman and left the company's board earlier than planned.
Eleven of Minnesota's agricultural cooperatives ranked among the 100 top-grossing in the nation based on 2010 revenue, and four made the top 10.
A study commissioned by Ameriprise Financial found that Baby Boomers are providing financial assistance to their adult children and aging parents at the expense of their own retirement savings.
Is downtown Minneapolis big enough for two dueling-piano bars?
The Downtown Council chose Mark Stenglein because he can raise money and manage coalitions among fractious politicians.
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