Tuesday A.M. Report

Piper Jaffray CEO sees compensation drop: Piper Jaffray Cos. CEO Andrew Duff saw a big decline in compensation last year, despite getting a $1.2 million bonus. Read full story

Faegre & Benson names new managing partner: Faegre & Benson said Andrew Humphrey will succeed Thomas Morgan as the Minneapolis law firm’s managing partner. Read full story

Smucker sells former Pillsbury potato brand, Hungry Jack: Hungry Jack potatoes, a brand once made by Pillsbury, has been sold for the second time since General Mills Inc. bought Pillsbury in 2001. Basic American Foods in Walnut Creek, Calif., announced Monday that it bought the Hungry Jack brand of potato products from J.M. Smucker Co. Read full story

State to hold business development mission to Vietnam: The Minnesota Trade Office said Monday that it will hold a business development mission to Vietnam in early May. Potential events during the trip, scheduled from May 7 to 15, include marketing and government briefings, site visits, customized business matchmaking, visiting an industry tradeshow, and networking receptions. Read full story

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