The average chief executive officer in Minnesota is making over $1 million once again. The Star Tribune reports that in 2011, the median total pay for Minnesota's 100 highest-paid CEOs jumped by 26 percent to $1.19 million, hitting seven digits for the first time since 2007. Of the top 100 CEOs, 71 got a salary bump last year.
Video: Plane with blown tire makes emergency landing at MSP Airport
An aviation enthusiast caught the moment on video.
St. Paul man charged in online 'sextortion' scheme targeting at least 500 girls
Yue Vang, 31, was charged in U.S. District Court Wednesday.
Emaciated Great Danes rescued after being found living in minivan
Great Dane Rescue of Minnesota and Wisconsin posted that two of the dogs are in "rough condition" and "barely hanging on."
2 years since George Floyd's killing, Biden signs exec order on policing
The signing comes on the second anniversary of Floyd's murder by police in south Minneapolis.
Mayo Clinic, CDC address concerns over monkeypox in the US
The CDC does not currently think there is a significant threat to the general public.
Charges: Man killed brother, left body in homemade camper for 7 months
James Robert Hess, 48, faces second-degree murder charges for the death of his 52-year-old brother, William Harold Hess Jr.
Minnesota forecast: Hot, humid and severe storm chances
Bring Me The News meteorologist Sven Sundgaard says right now the best chance for storms looks like Sunday/Sunday night.
Minnesota's biggest Thai festival to be hosted in front of State Capitol
The Thai New Year, or Songkran, is one of the most celebrated holidays in Thailand.
Reservation holders at Gavin Kaysen's new restaurant asked to rebook after mishap
Mara opens next month in the Four Seasons Hotel Minneapolis.
Man dies after being shot in the head in St. Cloud
Investigators believe the suspects fled the scene in a vehicle.
Uvalde school massacre: MN Democrats call for action, Republicans prayers
The tragedy in Texas has sparked different reactions from Minnesota's congressional delegation.
Minnesota 'above average' on college graduation
Twenty-two years ago, then Gov. Rudy Perpich caught heaps of flack for referring to Minnesota as the "Brainpower State." He may have been onto something. New Census data shows that Minnesota ranks fourth in college completion rates among adults 25-54 with 49.8 of folks in that bracket having completed college. Our neighbors to the northwest, North Dakota came in a slot ahead of us at #3 with 50.8 percent of their adult population donning college graduation caps.
Minnesota students still above average, but others are gaining
The latest numbers show Minnesota students gaining in math and holding steady in reading. But Minnesota education officials say other states are making bigger strides. “We are still ahead of the curve, but that won’t be the case for long if other states continue to gain ground while we simply hold steady," says education commissioner Brenda Cassellius.
Best Buy's interim CEO makes $3.3 million
Interim Best Buy CEO G. "Mike" Mikan is getting an annual base salary of $1.1 million, the equivalent of former CEO Brian Dunn's pay. In addition, Best Buy also will pay Mikan based on the annual performance bonus that Dunn could have earned last year: $2.2 million. Corporate governance experts say Mikan's pay is overly generous, given his lack of retail experience.
3M to pay $1.3 million to British firm
The Porton Group and its partners filed a lawsuit claiming the Maplewood company failed to deliver on a promise to market a diagnostic test for hospitals. 3M made a multimillion-dollar deal to acquire the test in 2007, but much of the payout was tied to future sales. A year later, 3M had dropped the product, BacLite. The investment fund had sought $40 million in the suit. Both sides have claimed a victory in the case.
Menards to pay $1 million to black workers at Midwest stores
The Eau Claire-based company has agreed to pay $1 million to settle a discrimination case. Black employees claim they were passed over for promotions because of their race.
At $9,900 per year, child care in Minnesota among most costly in U.S.
The Pioneer Press sums up a recent report: A single mom with the median income of $27,000 spends half her income on full-time child care. A two-parent family with median income of $86,000 spends nearly a third.
Target CEO Steinhafel nets $6.2 million in stock sale
Target Corp. CEO Gregg Steinhafel made a tidy little sum, almost $6.2 million, last week when he exercised his option to buy 200,000 shares of Target stock at $33.80 per share and sell them for $64.57 per share, according to documents filed with the U.S. Securities and Exchange Commission, the Business Journal reports. Steinhafel was exercising shares granted him in 2009, when the stock price was $33.80.
Best Buy's new CEO gets $20M+ pay package
Hubert Joly, the newly appointed CEO at the troubled Richfield-based electronics retailer will earn a base salary of $1.175 million in his first year, CNN Money reports. He will also receive a mix of cash and stock options worth $20 million, according to the Pioneer Press. Joly takes the reins of Best Buy next month.
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