Reporter | Business, Research

Business reporter Patrick Kennedy covers executive compensation and public companies. He has reported on the Minnesota business community for more than 20 years.

Kennedy also has written about nonprofit organizations and mergers and acquisition activity.


Minnesota's 50 highest-paid executives, with No. 1 at $59.5M

Two CEOs earned more than $50 million, and 13 over $10 million.


One company's shareholders voted no on say-for-pay. Its CEO is the highest paid in Minnesota.

Charles Kummeth at Bio-Techne and James Cracchiolo each realized more than $50 million, but 19 local CEOs saw compensation decrease.


Public company boards set their own pay. At Minnesota firms, that averages $250,000

While scrutiny of CEO pay has grown, attention hasn't been the same on directors' pay.


Large Vista Outdoor shareholder says it will vote 'no' on selling ammunition brands to Czech firm

War of words between rival suitor MNC and Vista also escalates ahead of shareholder meeting on Tuesday.


Vista rejects last-ditch offer from U.S. investors, solidifies deal with Czech firm

The Anoka-based company's board unanimously recommends a revised $2.1 billion offer from Prague-based CSG.


Thrivent makes move to attract younger clients by creating online bank

The Minneapolis-based financial services firm recently received FDIC approval for the bank, which will merge with the existing Thrivent credit union.


C.H. Robinson makes unusual C-suite move to jump-start strategic planning, tech innovation

Arun Rajan, formerly chief operating officer, talks about why his title changed to chief strategy and innovation officer, and his focus now.


Vista Outdoor postpones special shareholder meeting to consider latest bid for company

MNC Capital's unsolicited bid of $3.2 billion for the entire company came after a key regulatory approval of Vista's deal to sell its ammunition business to a Czech company.


Vista Outdoor gets key regulatory approval and yet another increased bid from second suitor

The $2 billion sale to a Czech company cleared the CFIUS review a week before a shareholder vote. A rival group quickly raised its bid.


Czech company raises offer for Vista Outdoor's ammunition group, including Federal, to $2B

Vista, CSG Group say they remain confident in deal as they approach key shareholder vote next week.