Recent content from Lee Schafer
Schafer: Want affordable housing? Do you have 40 years?
Third in an occasional series on the future of housing. Here’s an old real estate joke you maybe haven’t heard before: Know how to create…
Schafer: Defining the Mayo Clinic could cost it millions in lawsuit
While it's obvious the Mayo Clinic is a health care provider, it's not at all obvious that this is the best way to describe it.
Schafer: New HealthPartners CEO keeps eye on goal of simpler, less costly care
The CEO changed but the business plan didn't at one of the largest health providers in the Twin Cities.
Schafer: For smaller firms, going public is a big challenge
The story of ASV illustrates some of the trends that have made Minnesota’s list of public companies much smaller than it once was. Before the…
Schafer: Why there's no longer such a thing as an affordable new house in Minneapolis
"In a weird way, it's not that complicated" to explain why those lots in Minneapolis are fairly valued at pretty much zero, said Chris Wilson, senior director of real estate development for the Minneapolis-based nonprofit Project for Pride in Living.
Schafer: Building leases can guarantee control for business owners
Just outside the construction fence for the Major League Soccer stadium project in St. Paul is Big Top Liquors, a retailer that has been there…
Schafer: Kipsu founder says low cost of living is region's secret weapon
First of an occasional series on the future of housing. Entrepreneur Chris Smith just moved a company called Kipsu into new office space in…
Schafer: A large fee for proposed Fort Snelling housing project, yes, but the risk is there
Take a closer look at the project now called the A-Mill Artist Lofts, and you can see this isn't the kind of work that novices should take on.
Schafer: In consumer robotics race, Tennant keeps focus on customer
The machines embraced by mainstream customers rarely seem to be cool, ground-up inventions.
Schafer: Are low interest rates here to stay? Fed official says they might be
It always pays to be at least a little skeptical of talk of a new normal, but John Williams' talk was still well worth taking in.
Schafer: Mosaic's headquarters move is disappointing but put it into context
It was surprising to learn this week that the Mosaic Co. has elected to relocate its corporate headquarters to Florida, though the surprise was in…
Schafer: Medtronic hire brings expertise and plenty of questions
Medtronic clearly wanted to show how serious its executives are about creating "shareholder value." That only invited more questions.
Schafer: Sezzle online installment plans appeal to millennials without credit cards
There has been a boomlet of financial technology startups since the Great Recession, with fintech firms making a home in the Twin Cities.
Schafer: Hiring challenge knocked Twin Cities off Amazon's list
The recruiting challenge is what came out of feedback Amazon gave officials as part of calls to most of the also-rans in the race to become a second headquarters town.
Ford Motor Co. isn't quitting the car business—just the unprofitable car business
Doubters' misunderstanding seems to be a big part of the head-scratching reaction.
Schafer: Herberger's closing hard to take, but it's hard to fault investors
It's galling to have to admit they were almost certainly right.
Schafer: Decades-old Medtronic mission statement offers lessons today
At first it seemed that Medtronic Chairman and CEO Omar Ishrak planned to deliver a superficial introduction to Medtronic, as if maybe no one in…
Schafer: Fed's Kashkari sees strengthening case for higher rates
Kashkari spent much of last year as a sometimes lonely voice at the Fed opposing the idea that short-term interest rates should go up. While he's not exactly on board now with boosting them, a lot has changed since his last no vote. That was only last December.
Schafer: Private equity has a PR problem
An April blizzard turned into just another bad PR moment for private-equity managers, who can't even seem to come up with a good word to describe themselves.
Schafer: Rolling recalls test Polaris' commitment to running lean
If operational excellence is a big part of the Polaris story, it really needs to stop recalling its products for potential safety problems.
Schafer: How much are your online data really worth?
So what's the users' privacy worth? It's priceless.
Schafer: UCare created a culture that allowed turnaround after big loss
UCare executives had to cut costs to survive. But there are lessons to be learned here about how they went about it.
Ceridian growth is good sign for the Twin Cities
You may have to forgive some of us for our enthusiasm at the launch of Ceridian HCM Holding as a public company. It's a compelling growth story right now.
New numbers show PolyMet's Minnesota mine holds smaller potential, except to backer Glencore
Opponents of PolyMet Mining's plan to mine for copper, nickel and other metals in northeastern Minnesota keep hoping that the economics of the project collapse…
Schafer: Pawlenty's futurism helps steer broader understanding of changing economy
Whether talking about 3-D printed houses or smart toilets is a shrewd way to win votes remains to be seen.
Schafer: Firing MNLARS manager won't fix what led to debacle
It may look like the state of Minnesota acted just like the state’s best-run companies by holding someone accountable for the mess made of a…
Schafer: Lawsuit calls out Pioneer Press owner for its tactics
Alden Global Capital has for years treated one of the biggest media companies in the country like a big ATM. Someday, it will run out of money.
Schafer: Target's decision to remodel stores goes beyond gut instinct
Target Chief Operating Officer John Mulligan says he gets asked “all the time” why the company keeps investing in its stores. It’s a new digital…
Schafer: New ERP programs can cause headaches for companies — ask Patterson
After Patterson Cos. announced that an ERP problem — among other factors — led to a disappointing quarter, its stock ended the day about 24 percent cheaper.
Schafer: Lawmakers' claims that tax cuts led to state surplus don't add up
The best explanation for the billion-dollar surplus guess has to be that Republicans had really wanted to take a victory lap.
Schafer: Annuities may offer a security blanket in uncertain times
For those of us who have had no choice but a do-it-yourself retirement program, there just isn't a sure path to a worry-free future.
Schafer: 3M must learn from its $850 million mistake
Minnesota's lawsuit and the settlement arose out of the traditional strengths of an enduringly excellent company.
Schafer: Is General Mills deal a good one? Only the company can make it so
General Mills is paying what seems like a lot of money — about 25 times cash earnings — for the Blue Buffalo pet food maker.…
Schafer: Chief resilience officer is lesson in risk management
It was a bad PR day for the city of Minneapolis last week when its chief resilience officer left after only seven months and without…
Schafer: Noncompete contracts can make it tough to change jobs
The law is fine, one Twin Cities attorney says. It's getting the law applied that's so challenging for workers.
Schafer: Minneapolis mutual fund manager Disciplined Growth Investors aims to attract clients directly
Some pithy, funny or sometimes odd statements about investing that appear on the sides of transit buses and billboards in the Twin Cities can be…
Schafer: St. Paul schools negotiators started out on the same side
Let’s hope the St. Paul Public Schools’ contract negotiations with its teachers’ union aren’t the start of a new and more chaotic era in labor…
Schafer: Fed wisely puts Wells Fargo on a short leash
The agreement with the Federal Reserve keeping a lid on the size of the Wells Fargo balance sheet is a big deal.
Schafer: Cliffs' CEO plays offense in Iron Range land dispute
Lourenco Goncalves, who put on a not-to-be-missed show for a roomful of Iron Rangers last week in Eveleth, is a miner with a track record of delivering.
Schafer: Wage inflation starting to show its face
There's nothing riskier when deciding what to do with your savings than concluding "this time it's really different" in the market.
Schafer: U.S. Bank finds policing the bad guys is expensive
U.S. Bank just booked a $608 million expense to settle with regulators over compliance failures.
Schafer: Why would Amazon snub Twin Cities in headquarters contest?
The worst possible outcome in the competition for Amazon.com's second headquarters has already come to pass for the Twin Cities.
Schafer: Higher interest rates drive investment? One CFO explains
Neel Kashkari of the Federal Reserve Bank of Minneapolis visited Cargill, and much of what the Fed really does was discussed.
Schafer: Visible City connects data to real-life decisionmaking needs
His company is still just a startup, yet Visible City has been analyzing multiple layers of data to do things like help a client find the sinÂgle best site for a new aÂpartÂment buildÂing. That seems pretÂty pracÂtiÂcal.
Schafer: Are co-working spaces disrupting real estate?
It's also seen as a sign of a healthy culture of entrepreneurship to have lots of busy co-working places nearby.
Schafer: Retailers do care what happens in far-off apparel factories
Brands can be easily tarnished when workers are injured or systematically exploited.
Schafer: Students, find your vocation, not your passion
The college students career counselor Emily Reinert sees at Augsburg University in Minneapolis won’t hear much from her about passion. Instead they will hear more…
Schafer: Tax bill helps some industries a lot more than others
The assumption in my household all year was that the Republican tax cut bill was meant to really benefit people richer than we are,…
Schafer: No one should be upset that Medica transferred funds to a for-profit subsidiary
It’s hard to guess who critics thought got the profits when nonprofit Medica transferred capital to its for-profit health insurance subsidiary. No one does, of…
Schafer: Ignore the talk of new paradigms in rise of bitcoin
To state the obvious, no one can really "invest" in bitcoin. Just speculate.
Schafer: Aetna sale spotlights CEO pay
Aetna Inc. CEO Mark Bertolini will collect about half-a-billion dollars when and if Aetna’s sale to CVS Health closes, according to the Wall Street Journal.…
Schafer: CVS-Aetna deal is about catching up to UnitedHealth
Of the two competitors, the one to bet on is the one that doesn't need to operate a big network of brick-and-mortar stores.
Schafer: Big ACA tax bills catch some smaller employers by surprise
Some employers in the region have still been knocked back by the IRS letters landing in their mailboxes.
Schafer: Activist exits Wild Wings with little gain
Provided the deal with Arby's closes early next year as planned, McGuire persevered in a grimly determined proxy fight only to agree to a buyout premium of all of 3 percent once his nominees were elected.
Schafer: It's tempting to jump on that last 747 to MSP
Sure, it's just the retirement of a commercial airplane, but there never was anything ordinary about the 747.
Schafer: Saving for retirement isn't easy at any level of income and is hardest for the poor
Some books and financial advisors make it seem that saving for retirement is pretty simple. The implicit idea is that, if people still live on the financial edge after many years of working, there must be something wrong with them. That's not the case.
Schafer: Smart-home devices can learn too much about our daily lives
So really how smart — and harmless — is one of these things?
Schafer: Private equity firm finds Twin Cities has big pool of management talent
The sale of a majority stake in the Minneapolis software firm Jamf that was announced last month marked another milestone for investment firm Summit Partners,…
Schafer: Investment dollars always pursue a return
The decisions about how capital gets deployed also help explain why so many industries, such as restaurants and groceries, are cyclical.
Schafer: Merger is a good fit for Capella, Strayer
Some awfully entertaining reading can usually be found in the background of the merger section of the securities filings that companies prepare for shareholders when…
Schafer: Fleck's approach shows importance of building a culture
How the Gophers head football coach define culture? "Connection ... It's connecting people."
Schafer: Trump should just take a shortcut to saving household taxes
Champions for tax reform in Washington want to help the middle class so much that they have proposed a big income tax cut for the biggest U.S. corporations. Really. And they think it's going to work, too.
Schafer: Bloomington firm Stevens Foster invests locally, keeps the bar high
Lots of people see the good that can come of spending money at a shop owned and staffed by people from the neighborhood. A financial…
Schafer: Would the Twin Cities be a better Amazon partner than Seattle?
Minneapolis residents found out this month that seven of their City Council candidates and two people who are running for mayor can imagine a city…
Schafer: Trading case tied to former Life Time exec hits investing neophytes
It's a cautionary tale, if proven in court, about how quick profits can easily tempt unsophisticated people to break the law.
Schafer: Mayo Clinic is invested in Rochester, but there's more work to be done
Company towns got their bad reputation when the big employers veer from not just bossing people around to taking advantage of them.
Schafer: In sizing up bids for businesses, you can't forget Minnesota starts better off
Compared with Iowa and Wisconsin, in Minnesota we enjoy higher household incomes and are more likely to have a job, have college degrees and be covered by health insurance.
Schafer: Perception of the Twin Cities technology market doesn't meet reality
Entrepreneur Chip Pearson has been trying to get the word out that our region’s startup technology sector is a lot bigger — and has created…
Schafer: Target's wage hike not invoked for theatrics
Some local employers can't imagine how Target gets attention for starting people at $11 per hour. It's far too late in this tight labor market for $11 an hour to be news.
Schafer: Could Amazon steal the Twin Cities' top talent if it expands here?
Complaining about competing against Amazon for workers would make Best Buy and Target look like whiners. But it's clearly an issue.
Oct. 5 event aims to help investors be better stewards of assets
Fred Martin, the founder and lead portfolio manager for Disciplined Growth Investors of Minneapolis, is also the founder and host of an event he hopes will recur annually called Objective Measure.
Schafer: Best Buy CEO tells investors it's all about the customer experience
Keeping the customers coming back seems pretty fundamental, but in traditional retailing it's easy to get distracted by the store.
Schafer: Teachers pension plan officials cry foul over report that used its numbers
When a standard changed, what was already a sizable financial hole turned into a crater.
Schafer: Is Amazon the big game for Twin Cities? Bring it on
The Twin Cities doesn't have to get Amazon.com's second headquarters and its potential of 50,000 jobs to get a big win out of the new headquarters sweepstakes.
Schafer: There's no good economic case for ending DACA
Most of what I learned in economics for a degree granted more than 30 years ago has long ago leached away, but I remembered enough…
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