Gregg Steinhafel paid $6.76 million to buy 200,000 shares of Target stock and received $12.91 million when he sold them.
Tag: Leadership
Ecolab and Target are among the 41 companies that were added to the index this year, while UnitedHealth Group, 3M, and Medtronic are making repeat appearances.
Jeffrey Ettinger, who became CEO of Hormel in 2005, was one of four winners of the award, which recognizes chief executives who “visibly exceed standards in the areas of employee relations, environmental impact, human rights, philanthropy, and corporate responsibility practices.”
Best Buy’s new CEO Hubert Joly has outlined some initial plans but said his blueprint for turning the business around will come in several installments; meanwhile, some analysts think he could remain in the top spot even if a private takeover were to occur.
CEO Wayne Sales said Wednesday that a restructuring of Supervalu’s leadership team is “designed to address two of our most immediate priorities: driving profitable sales in our retail stores and taking costs out of the business.”
Dorsey & Whitney’s CIO talks about how his role goes beyond traditional IT leadership.
Thomas Garrett helped take St. Jude public in 1977 and joined its board two years later; he has advised the company through the appointment of all six CEOs and helped it navigate legal matters.
M&A investment banker Jack Helms shares tales of his career—and his love of small business.
The struggling electronics retailer on Tuesday revealed compensation arrangements for Hubert Joly, who left global hospitality company Carlson to become its next chief executive.
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.
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.
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.
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.
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.
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.
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.”