Medtronic CEO at Davos forum in search of ways to build cheaper pacemakers

Omar Ishrak says he wants the next generation of pacemakers to be five to ten times cheaper than those of today. He says that would allow sales in poor countries of Latin America, Asia and Africa.
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Omar Ishrak says he wants the next generation of pacemakers to be five to ten times cheaper than those of today. He says that would allow sales in poor countries of Latin America, Asia and Africa.

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CEO: Medtronic's focus paying off

After a solid last year and last quarter, Medtronic Inc. CEO Omar Ishrak is reiterating that his company's commitment is to growth through globalization, innovation and enhancing value, not just creating new medical technology products. It's what Ishrak has consistently preached in the year-plus since he took the helm at the world's largest medical device company.

Medtronic cutting 220 jobs in Mounds View

Medtronic is eliminating jobs at the Mounds View facility that makes heart rhythm devices. Sales of the company's pacemakers and implantable defibrillators have been sluggish for years.

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The Justice Department alleged that Medtronic funneled money to doctors who implanted pacemakers or defibrillators made by the company. A spokesman says Medtronic admits no wrongdoing in the settlement.

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Bill George says "corporate leaders need to speak out forcefully against this amendment, because their companies have the most to lose if it passes." In his Star Tribune editorial, George also feels passage of the amendment to prohibit same-sex marriage "would make it increasingly difficult for Minnesota companies to recruit and retain the talented people required to build global companies."