Patrick Kennedy
Reporter
Business, ResearchKennedy also has written about nonprofit organizations and mergers and acquisition activity.
Latest from Patrick Kennedy
Sleep Number to make $80M to $100M in cuts as mattress sales continue to tank
Less than three weeks at the helm, CEO Linda Findley already has eliminated 21% of corporate management positions, stressing “everything is on table.”
May 1, 2025
Target CEO Brian Cornell’s pay declines 45% to $9.9M
The Minneapolis-based retailer fell short of several performance measures, which meant lower equity awards.
April 30, 2025
Polaris pulls out recession playbook as company posts loss amid ATV sales decline
The company withdrew financial guidance for the remainder of the year, citing uncertainty in the economy and in trade.
April 30, 2025
Thief River Falls’ Arctic Cat sold to group that includes former executive
Former owner Textron had shut down operations as it explored strategic alternatives for the snowmobile maker.
April 24, 2025
UnitedHealth Group CEO Andrew Witty saw his pay decrease 34% to $16.4M
Witty did not exercise stock options in 2024, limiting his total pay.
April 22, 2025
AVI Systems rebrands as Forté as it passes $500M revenue milestone
Work tech has become more sophisticated as hybrid models stick, and worker-owned AVI in Eden Prairie is still growing and ready to expand internationally.
April 22, 2025
Ecolab adding 5% trade surcharge to offset tariff costs
Company CEO Christophe Beck said Ecolab could mitigate much of the base 10% tariffs imposed by President Donald Trump but not the higher ones, including on Chinese goods.
April 16, 2025
Minnesota company stocks tank amid larger market downturn
Many of the state’s largest companies saw double-digit declines in the past week.
April 7, 2025
New type of electric engine powering Graco’s latest round of innovation
A small acquisition five years ago has spurred innovation and new products across Graco’s business lines and a possible new revenue source.
April 4, 2025
In a transition year, 3M’s retired CEO and new chief both made more than $7M
Retired CEO Mike Roman made $7.4 million and new CEO Bill Brown $7.5 million in 2024
March 28, 2025
Solventum CEO made $14.8M in first year of 3M spinoff
Bryan Hanson became CEO of the health care company in September 2023, ahead of the April 2024 split from 3M.
March 27, 2025
Minnesota’s largest employer is Mayo Clinic, with 56,999 workers. See who else makes the list.
Health care entities make up more than half of employers in the state, with more than 10,000 workers.
March 27, 2025
