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Change that Matters The Recession of 2008 left much upheaval in its wake. The U.S. and the rest of the world are slowly crawling back to stability— some parts more than others, and others not as fast as they would like. Since the recession, much has changed across the business landscape and this issue focuses on three key areas—the financial world, the global CARLSON SCHOOL OF MANAGEMENT BOARD OF OVERSEERS 8 UNIVERSITY OF MINNESOTA stage, and the evolving workplace. To provide insight into where things stand today and where they might be going, we talked to faculty members at the forefront of these issues in their teaching, researching, and consulting work. We’ve also engaged our Board of Overseers—which includes many of the nation’s top executives—for its input, as these individuals are facing and meeting these challenges every day. Douglas Baker Chairman & CEO Ecolab Brent Blackey* President & COO Holiday Companies Thia Breen+ Group President, North America Estee Lauder Companies Jon Campbell* Executive Vice President, Director of Government and Community Relations Wells Fargo Bank, N.A. Andrew Cecere* Vice Chairman & CFO U.S. Bancorp Alan Diamond+ Retired President & COO Aon Risk Services Robert Duffy* Partner Emeritus A.T. Kearney, Inc. Nazie Eftekhari* CEO HealthEZ, Inc. Matthew Ginter* Vice President Investor Relations 3M Chip Glaser* President K. Charles Development Corporation Luella Goldberg Director Communications Systems, Inc. Michael Hoffman* Chairman & CEO The Toro Company Mark Jeter* Managing Director of Branch Banking TCF Bank Beth Kieffer Leonard* CPA, Managing Partner Lurie Besikof Lapidus & Company Jodee Kozlak+ Executive Vice President, Human Resources Target Corporation Robert Kueppers* Senior Partner Deloitte LLP James Lawrence Chairman Rothschild North America Sharon McCollam Chief Administrative & CFO Best Buy Company, Inc. Chris Policinski President & CEO Land O’Lakes, Inc. James Prokopanko President & CEO The Mosaic Company Cindy Rodahl* Executive Vice President, Human Resources and Communications Carlson Robert Senkler+ Chairman & CEO Securian Financial Group Lee Skold* Retired Corporate Vice President Cargill, Inc. Thomas Staggs* Chairman Walt Disney Parks & Resorts The Walt Disney Company H. William Walter* President & Founder Heartland Realty Investors, Inc. Peter Warwick Executive Vice President Thomson Reuters Mike Zechmeister* Vice President, Finance General Mills, Inc. *Carlson School Alumnus +Other U of M degree Laura Moret* Chief Counsel— Asset Management, Managing Director Piper Jaffray Ex-officio Member, Carlson School Alumni Board President Barbara Mowry* CEO GoreCreek Advisors Chairwoman Kansas City Federal Reserve James Muehlbauer Executive Vice President & CFO Valspar Corporation Marilyn Carlson Nelson Former Chairman & CEO Carlson Chris Neugent Chairman & CEO MOM Brands Jeffrey Noddle Retired Executive Chairman SUPERVALU, Inc. Jim Owens President & CEO H.B. Fuller Kenneth Paulus+ President & CEO Allina Hospitals & Clinics John Penshorn* Senior Vice President, Investor Relations UnitedHealth Group, Inc.


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