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Patrick Kennedy

Minneapolis

Patrick Kennedy follows nonprofits, public companies, and CEO compensation for the Star Tribune

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Articles

  • Arctic Cat says workforce will be back to about 500 by late summer

    5 days ago | startribune.com | Patrick Kennedy

    By Patrick Kennedy The new owner of Arctic Cat announced it has launched its model year 2026 snowmobiles and will start rehiring workers at its Thief River Falls and St. Cloud plants. Darling - who now serves as CEO of both Arctic Cat and Argo, a Canadian-based maker of ATVs and utility vehicles - this week announced a 2026 lineup of 21 snowmobile models that will be available for dealers and customers this fall.

  • Modern-day gold prospectors in Stillwater are eying Wyoming, with plenty of investors backing them

    1 week ago | startribune.com | Patrick Kennedy

  • Best Buy CEO Corie Barry's pay down more than 10% to $9.2M

    1 week ago | startribune.com | Patrick Kennedy

    By Patrick Kennedy In the previous year, 20% of executive bonuses were tied to sustainability, social impact and culture of belonging goals. In fiscal 2025, the compensation committee put more emphasis on hitting financial targets. In fiscal 2024 and 2025, Richfield-based Best Buy was short on revenue and operating income goals, but it was closer to meeting them this past year. Executives earned 83% of possible bonuses based on the combined targets, compared with only 76% the prior year.

  • Sleep Number to make $80M to $100M in cuts as mattress sales continue to tank

    1 week ago | startribune.com | Patrick Kennedy

    Less than a month after Linda Findley took over as CEO of Sleep Number, she announced steep changes at the company, including cuts of $80 million to $100 million. "Everything is on the table," she told analysts in a call late Thursday after the company released news of a widening loss and another 16% decline in sales during the the first quarter.

  • Target CEO Brian Cornell's pay declines 45% to $9.9M

    2 weeks ago | startribune.com | Patrick Kennedy

    By Patrick Kennedy Target executives get equity awards that reward medium-term performance over three years in relation to its peers. For the 2022-to-2024 performance period, Target's performance fell short of sales, earnings and return on invested capital sales goals. That earned Target executives 61.6% of the combined goal.

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Patrick Kennedy
Patrick Kennedy @PKennedyStrib
24 Apr 23

A must read. Neal St. Anthony's final column as he heads to a well deserved retirement. Thank you Neal. https://t.co/PZIrVSG1NU

Patrick Kennedy
Patrick Kennedy @PKennedyStrib
13 May 20

RT @nicolenorfleet: Read about our awesome Star Tribune photographers as they discuss hitting the streets in the time of COVID-19 https://t…

Patrick Kennedy
Patrick Kennedy @PKennedyStrib
6 May 20

Good read from @StAnthonyStrib on life and legacy of former Toro CEO: Ken Melrose, the 'servant leader' at Toro for 22 years, dies at 79 https://t.co/7IKg3bxIA4