Turnaround takes hold for state's largest firms

  • Article by: JOHN J. OSLUND and PATRICK KENNEDY , Star Tribune
  • Updated: April 25, 2011 - 7:31 AM

Survey of Minnesota's top companies shows sales, profits and employment bouncing back after the recession.

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  • Comments

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fromupnortApr. 24, 11 7:18 AM

Does this translate to higher wages and salaries for the people earning less than $100,000 per year or does it mean that the CEO can now increase his compensation to 750 times his average worker's slave wage?

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gopherfan10101Apr. 24, 11 7:44 AM

Wow. The very first comment compares slavery to todays employment. I guess I shouldn't be surprised. The logic (or lack of) from people like this is frightening.

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pitythefoolsApr. 24, 11 9:12 AM

I thought all the MN companies had moved from this high-tax State to Mississippi. Could it be that they understand the taxes they pay provide an infrastructure that supports their success? Nah. It's more likely because we have a pro football team.

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verdin11Apr. 24, 11 9:34 AM

I wonder why CHS (Cenex Harvest States) and Land O' Lakes aren't listed among the state's largest 100 publicly traded companies. Both are Fortune 500 companies and both are headquartered in Minnesota.

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mahogma66Apr. 24, 1110:54 AM

If gasoline prices are allowed to increase,if oil futures speculation is not regulated,the turnaround will be short lived.

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mn_cameraApr. 24, 1111:10 AM

Then it's time for them to begin adding staff. People who are working are far better customers than those who are not, don't you think?

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obamaisafoolApr. 24, 11 4:15 PM

According to the story, the job creation figures are worldwide, not Minnesota specific. Furthermore, companies like 3M derive 2/3rds or more of their sales and profits outside of the United States. And as the Democratic Party keeps demanding higher and higher taxes EVERY year, these companies will continue creating more jobs overseas than they do in the United States. You can blame Obama and the Democratic Party for this. The USA could (and should) be a world leader in manufacturing. But Democrat taxes, ridiculous employment and nanny state laws, and the Democrats' union buddies who demand $30 an hour wage plus lifelong pensions plus lifelong insurance benefits for a job a monkey could do will push more and more jobs off of American soil. http://www.cbsnews.com/stories/2010/12/28/business/main7191280.shtml - "Economic Policy Institute Says 1.4M Jobs Created Overseas by U.S. Companies, Compared to 1M Domestically"

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jjsbrwApr. 24, 11 5:01 PM

And as the Democratic Party keeps demanding higher and higher taxes EVERY year, these companies will continue creating more jobs overseas than they do in the United States.------------- You do know that the taxes are actually much lower than they have been in decades, right? You do know that the federal tax burden is at its lowest point that at any time since........... never mind. Facts aren't going to persuade you.

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merkinApr. 24, 11 5:56 PM

Many companies in the U.S. pay no taxes. That leaves it up to the middle class to provide the funds to finance the infrastructure companies use to make money.

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innerchildApr. 24, 11 6:38 PM

recession over? not buying it. driving around town you see lots and lots of vacant retail space - some buildings newly put up that never did get tenants - once salaries start rising to the "living wage" level of $14.95/hour, i'll start believing we are moving forward.

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