Patten Towers, left, is undergoing a $25 million purchase and renovation. At right is the Edney Building and a portion of Warehouse Row. Patten Towers, left, is undergoing a $25 million... Photo by Staff File Photo /Times Free Press. Hamilton County Commissioner Tim Boyd cranked up his buzzsaw Wednesday against a property tax break for a $10 million renovation of the Patten Towers low-income housing project. Belveron Real Estate Partners of San Francisco bought the 221-unit former hotel for $14.2 million last year. It is working with Nashville-based Elmington Capital to upgrade the 110-year-old building. Elmington official John Shepherd told commissioners Wednesday the payment-in-lieu-of-taxes agreement is necessary to finance the renovation. Patten Towers hasn't had a renovation since it was turned from a hotel into public housing in 1978. The building is teeming with pests, the mechanical systems are worn out, the common areas need … [Read more...] about Hamilton County Commissioner Tim Boyd blasts tax break plea for Patten Towers renovation
Tim
Tim Cook made over $136 million in total compensation in 2018, including a $12 million bonus
source Getty Apple revealed that CEO Tim Cook was paid $15,682,219 in 2018 in an SEC filing. That doesn’t include $121 million in Apple stock that vested last year. The median Apple employee makes $55,426. Lots of Apple employees work in its retail stores and with AppleCare support and they factor into the median employee compensation calculation. It’s good to be Apple CEO Tim Cook. The leader of the iPhone giant made over $15 million in 2018, according to a new filing with the SEC. That includes a base salary of $3 million, $12 million in bonus incentives for hitting performance goals related to sales and operating income, and $294,082 to pay for Cook’s private jet fare. That’s not including the massive stock incentives that Apple also provides to its chief executive as part of a 2011 grant. Cook cashed in $121 million of stock that vested earlier this year. Cook still has over 1.5 million Apple shares that haven’t … [Read more...] about Tim Cook made over $136 million in total compensation in 2018, including a $12 million bonus
Gov. Tim Walz’s first official action: creating a ‘Diversity, Inclusion and Equity’ council
The first official action of Gov. Tim Walz’s administration was to renew a promise the state will strive to be more equitable and inclusive and for the first time making geography a focus of those efforts. “In Minnesota, we all know we are better off when we are in it together,” Walz said. “The state must be a leader in ensuring everyone has an opportunity to thrive.” Walz signed an executive order creating the “One Minnesota Council on Diversity, Inclusion and Equity,” Wednesday at the Capitol. The governor will lead the council that Walz said builds on the work of former Gov. Mark Dayton’s administration. “Disparities in Minnesota, including those based on race, geography (and) economic status keep our entire state from reaching its full potential,” Walz said. “As long as these inequities impact Minnesotans ability to be successful, we’ve got more work to do.” NOT JUST THE TWIN CITIES Including geography in … [Read more...] about Gov. Tim Walz’s first official action: creating a ‘Diversity, Inclusion and Equity’ council
Tim Cook teases that Apple has ‘new services’ coming in 2019
Meira Gebel, provided by Published 10:19 am CST, Wednesday, January 9, 2019 CNBC Apple CEO Tim Cook teased 'new services' expected from the company in 2019 during an interview with Jim Cramer on CNBC's 'Mad Money.' Those "new services" could include Apple's already-rumored video-streaming platform and a monthly news subscription service. Cook gave the interview at a time when Apple is facing intense scrutiny following its recent warning that iPhone sales during the holiday quarter were lower than previously expected, the first time in nearly 17 years the company has made such an announcement. During an interview with Jim Cramer on CNBC’s “Mad Money” Tuesday evening, Tim Cook teased 'new services' from Apple were coming in 2019, less than a week after the company shocked global markets with a warning about lower-than-expected iPhone sales. Cook, however, did not go into specifics. "On services, you will see us announce new services this year," … [Read more...] about Tim Cook teases that Apple has ‘new services’ coming in 2019
Tim Cook calls ‘bologna’ on speculation that Apple’s new iPhone XR is tanking
Tim Cook has dismissed as “bologna” speculation that Apple’s iPhone XR is a flop. In an interview with Jim Cramer, Cook said that since Apple started shipping the XR, it’s been the most popular iPhone every day. Apple has had a rocky start to 2019 after last week’s shock earnings warning. Tim Cook has called “bologna” on speculation that the iPhone XR is tanking. In an interview on CNBC show “Mad Money,” Jim Cramer asked for Cook’s response to analysts and commentators, who viewed the iPhone XR as a “flop.” “Bologna. I call bologna on that,” Cook replied. “Since we began shipping the iPhone XR, it has been the most-popular iPhone every day, every single day, from when we started shipping until now,” he added. But just hours after the interview, the Nikkei Asian Review reported that Apple is cutting iPhone production by 10% between January and March. This included the XR, which launched … [Read more...] about Tim Cook calls ‘bologna’ on speculation that Apple’s new iPhone XR is tanking