Former Best Buy CEO Brian Dunn, 52, is entitled to as much as $1.15 million in stock options if his departure is determined to be voluntary, according to a proxy filing last year. He would get an additional $2.2 million in cash if his departure were deemed involuntary.
Williams Uptown Pub & Peanut Bar closes indefinitely after shooting
Reports say police have arrested two suspects in the incident.
Woman, 67, beaten to death in 'disturbing scene' in St. Paul home
It's the city's fifth homicide of the year.
A-Rod wears a Packers hat, Minnesotans lose their minds
The Timberwolves co-owner didn't endear himself to his fan base on Saturday night.
Police: Man shoots into crowd at funeral reception in Minneapolis
The shooting happened at a reception following a funeral on Saturday afternoon.
MN COVID patient dies after being transferred to Texas amid ventilator lawsuit
Scott Quiner, of Buffalo, was 55 years old.
Watch: Jimmy Garoppolo says 'F*** the Packers' after playoff win
The 49ers quarterback congratulated Robbie Gould in spectacular fashion.
America dunks on Aaron Rodgers after loss to 49ers
The Packers quarterback was destroyed on social media on Saturday night.
Foligno's OT winner gives Wild fans a happy Hockey Day
A slow start gave way to the Wild's fifth win in the past six games.
Winter weather advisory issued as Saturday snow arrives
Not huge totals expected, but any snow will likely impact travel.
Report: Ryan Poles is Vikings' 'top choice' for general manager
Poles was one of two finalists revealed on Friday.
Willis carries shorthanded Gophers to beat Rutgers
The senior scored a career-high 32 points to end a four-game losing streak.
Charges: St. Paul man had sexual contact 'multiple times' with 12-year-old girl
Marcus Steichen, 21, is charged with first-degree criminal sexual conduct.
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.
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.
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.
Minnesota Polar Bear Plunge events raise $2.85 million
More than 14,000 people took part in 16 events this year. Last year, 11,000 people helped raise more than $2.2 million. All the money raised will help support the Minnesota Special Olympics.
Boston Scientific chief earns nearly $12 million in less than three months
Michael Mahoney--Boston Scientific's future CEO--pulled in $11.78 million dollars in just 76 days on the job. Most of the compensation comes in the form of stock awards.
Man gets 3 years probation for role in $35 million housing fraud
Nathan Jesh will also have to pay restitution for his role in a fraud scheme involving at least 200 houses, most of which were in north Minneapolis. Jesh admitted he closed sales for TJ Waconia when he knew the loan applications were fraudulent.
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