CEO Of Fairview Health Services Steps DownThe CEO of Fairview Health Services is leaving the company. Rulon Stacey is leaving Fairview after just 15 months on the job. Fairview said it's because of Stacey's "professional differences" with its board of directors.
MNsure Gets Extra $34M From Feds For UpgradesMinnesota's health insurance exchange is getting some extra cash from the federal government. MNsure CEO Scott Leitz says they'll use an additional $34 million to make website improvements and smooth the transfer of data to insurance companies. MNsure has now received almost $190 million from the federal government.
Kevin Smith To Stay On As Minnesota Orchestra CEOInterim Minnesota Orchestra president Kevin Smith has become the organization's permanent chief executive. The orchestra's board appointed Smith president and CEO by a unanimous vote.
Target Taps Outsider As CEO For Needed ShakeupTarget 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.
Former Hospital CEO Accused Again Of Soliciting ProstitutionBloomington 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.
Target Ex-CEO's Pay Fell 35 Percent In Final YearFormer 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.
Target Names Interim CEOEarlier 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.
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.
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.
Twin Cities CEO Profile: Great Clips' Rhoda OlsenMinnesota 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.
Twin Cities CEO Profile: Ecolab's Doug BakerMinnesota 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.
Twin Cities CEO Profile: Xcel Energy's Ben FowkeAll 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.
Ex-Republic Airlines pilot pleads guilty to threatA 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.
Famous Dave's CEO Resigns After 18 MonthsAfter 18 months, Famous Dave's CEO John Gilbert has resigned, according to a press release issued by the company on Monday.
Founder, CEO Of Hot Mama On Booming BusinessMixing 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.