Steve Rothschild, a top executive at General Mills in 1991, retired at 45, and walked away from millions in compensation to take on a huge issue that continues to keep the Twin Cities from claiming its full economic and human potential.
"I was concerned with the issue of concentrated poverty, and the effect it has on families and communities," Rothschild said the other day.
The particular focus was black men, plagued disproportionately by high unemployment and low education-and-income achievement.
Rothschild, 73, retired this month from Twin Cities Rise after 25 years as founding chairman, including nine as the inaugural, unpaid CEO.
Rise has helped empower and train thousands of high school dropouts, ex-offenders and others, including women and whites.
Rise, since 1993, pioneered several initiatives that helped it eventually serve 1,400 unemployed and underemployed people annually. It has placed thousands in jobs that often start at $25,000-plus, with a career path.
An analytical MBA out of the Wharton School of Business at the University of Pennsylvania, Rothschild quickly became a rising star at General Mills in the 1970s. He presided over development of Yoplait, one of America's hottest consumer foods.
Rothschild was promoted and grew bored during several years as executive vice president, overseeing several Mills businesses. He quit, turning heads in the business community.