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Target Taps Outsider As CEO For Needed Shakeup

Target has hired Pepsi executive Brian Cornell as its new chairman and CEO as it looks to recover from a huge data breach and troubles in Canada. Cornell replaces interim CEO John Mulligan, who is chief financial officer for the Minneapolis company. Mulligan stepped into the interim CEO post in May when Target Corp.’s Gregg Steinhafel resigned following a large data breach in the runup to Christmas.

3 mins ago

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Former Hospital CEO Accused Again Of Soliciting Prostitution

Bloomington Police arrested 16 people in a recent prostitution sting, including the former CEO of a Twin Cities hospital. David Cress, 64, was among the 15 men and one woman arrested on Tuesday. North Memorial Medical Center cut ties with Cress after police arrested him in a prostitution sting in Richfield four years ago.

06/06/2014

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Target Ex-CEO’s Pay Fell 35 Percent In Final Year

Former Target CEO Gregg Steinhafel’s total pay fell 35 percent to $13 million in his last year at the helm as the company’s board revamped compensation plans amid complaints from shareholders that he was paid too much, according to a regulatory filing.

05/19/2014

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Target Names Interim CEO

Earlier this week Target’s CEO Gregg Steinhafel stepped down after the massive data breach that occurred last fall. Target named an interim CEO, John Mulligan, a Wisconsin native and University of Minnesota alumnus. Mulligan graduated from Regis High School in Eau Claire in 1983.

05/10/2014

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Good Question: Why Do We Pay CEOs So Much To Leave?

It’s not yet clear exactly how much newly resigned Target CEO Gregg Steinhafel stands to make from his severance package, but analysts say it could be anywhere from $9 million to $55 million. Target is expected to release its latest proxy statement this month.

05/05/2014

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PODCAST PAGE: The WCCO Morning News With Dave Lee 5-5-14

The CEO of Target Corp. steps down. Dave Lee discussed it this morning….for those interviews and others, CLICK THE LINK ABOVE.

05/05/2014

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Minnesota Orchestra President & CEO To Step Down In August

The president and CEO of the Minnesota Orchestra will be stepping down from his post this summer, the orchestra announced Thursday.

03/20/2014

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Twin Cities CEO Profile: Great Clips’ Rhoda Olsen

Minnesota is the home of 19 Fortune 500 companies. All week, the WCCO Morning Show is taking a look at some of the people in the Twin Cities who’ve made it to the top. Rhoda Olsen is the CEO of Great Clips, which is headquartered in Bloomington.

03/19/2014

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Twin Cities CEO Profile: Ecolab’s Doug Baker

Minnesota is the home of 19 Fortune 500 companies. All week, the WCCO Morning Show is taking a look at some of the people in the Twin Cities who’ve made it to the top. Ecolab helps clean water, keep food safe, and healthcare environments clean.

03/18/2014

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Twin Cities CEO Profile: Xcel Energy’s Ben Fowke

All week, the WCCO Morning Show is taking a look at some of the people in the Twin Cities who’ve made it to the top. On Monday, Jason DeRusha kicked off our CEO Profiles with the man in charge of Minnesota’s largest electricity provider: Xcel Energy.

03/17/2014

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Ex-Republic Airlines pilot pleads guilty to threat

A former Republic Airlines pilot has pleaded guilty to threatening to torture and kill the company’s CEO and his family. The U.S. attorney’s office says 37-year-old Matthew Richard Walker, of Faribault, Minn., entered the plea Monday in federal court in Kansas City. Prosecutors said one threatening letter was discovered in August 2012 in the cockpit of an aircraft that was parked at Reagan National Airport in Washington.

02/10/2014

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Famous Dave’s CEO Resigns After 18 Months

After 18 months, Famous Dave’s CEO John Gilbert has resigned, according to a press release issued by the company on Monday.

02/10/2014

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Founder, CEO Of Hot Mama On Booming Business

Mixing work with family can be tough for a married couple. But one duo seems to have done it, building a booming business despite very limited experience. “I didn’t have a retail background and I opened up a store called Hot Mama,” said Megan Tamte, the founder and CEO of Hot Mama. “I think those are two things right there that set you up for a lot of naysayers.” But Tamte has been proving those naysayers wrong for nine years. The third grade teacher turned business mogul was recently named Ernst and Young’s Midwest Entrepreneur of the Year. So Amelia Santaniello sat down to talk to her about building a business, with kids, without any experience, and with her husband as a partner. Watch them getting ready for a family dinner, and you can tell that Megan and Mike Tamte know how to work together. They preach teamwork to 16-year-old Allison and 13-year-old Roian, and say it’s one of the secrets to their success in an unexpected business.

11/25/2013

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New CEO Single-Handedly Turning Best Buy Around

Best Buy has a new strategy and is excited about the holiday shopping season. But just 12 months ago, many business analysts wondered if the iconic Minnesota retailer would even survive. The stock was in free fall, the former CEO was accused of having an affair with an employee and was ousted, and the founder of the company was attempting a hostile takeover.

11/06/2013

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Cargill Names MacLennan As Its CEO

Cargill’s board has named President and Chief Operating Officer David W. MacLennan as its next CEO as part of its succession plans. MacLennan will take over the post from the 62-year-old Greg Page, who will serve as executive chairman of the agribusiness company.

09/11/2013

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