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Medtronic will pay $25 million to cover CEO’s taxes on inversion deal

PLUS: Al Franken says he regrets traffic cone incident; St. Paul police chief responds to Tasing video; the Saints play their last game at Midway; and more.

Wikimedia Commons/Bobak Ha'Eri

The specifics are not tasteful. Joe Carlson of the Strib says, “Medtronic Inc., which plans to cover its top leaders for certain taxes they face as part of a controversial merger plan, has calculated the cost for the CEO’s tab alone at $25 million. The Fridley-based medical device giant disclosed to shareholders this week that it would pay an estimated total of $63 million to compensate high-ranking executives for special excise taxes they would incur if Medtronic acquires surgical supplier Covidien and moves overseas in the process.” That’ll need a lot of lipstick.

It’s kinda like an apology. Mark Zdechlik of MPR says, “DFL Sen. Al Franken said Thursday he regrets a moment a few years ago when he held two traffic cones to his chest. Until today Franken hadn’t commented about a short video clip Republicans have been circulating that shows him playing with the traffic cones. Franken said it was a moment when he ‘wasn’t thinking’. ‘I just think it was a thoughtless moment. Obviously, someone was shooting me that I wasn’t aware of, and it was just a moment I regret.” The moral of the episode? Don’t ever try to be funny again, Al.  

The Minnesota State football player severely beaten outside a Mankato bar four months ago planned to attend his team’s first game. Stribber Rochelle Olson says, “Kolstad’s survival, let alone his ability to walk and talk, was in doubt for weeks as he lay in a coma with a portion of his skull removed to alleviate brain swelling. Now he’s walking, working on talking, and eager to return to work and watch his former teammates in Thursday’s home opener with St. Cloud State.”

The deep thinkers at American Thinker try to grapple with the two deceased jihadis from Robbinsdale High School. Says Victor Keith: “Not to blame the school system for their ultimate fate, but perhaps one of the reasons these two young men answered the call of a death cult is that the education system did not help arm them with tools to resist such insanity such as common values, ethics, morality accountability, ambition and self-reliance. It seems Mr. McCain was missing something other than an ‘r’ in his middle name: a reason to live. What led these men to their decisions is unknown but it hardly could have been helped by an education system, news media and entertainment industry that withholds judgment from anything save antipathy towards America.” He missed a shot at including Obamacare and Big Gummint spending.

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Movin’ up the progressive bureaucracy. Rachel Stassen-Berger of the Strib says, “The Alliance for a Better Minnesota has found a new Democratic operative to direct its operation through the election, the group announced. Ben Goldfarb, who ran Democratic U.S. Sen. Amy Klobuchar’s first campaign and has been active in other campaigns, will guide the big spending Democratic interest group as a senior strategic advisor. Goldfarb is currently the executive director of Wellstone Action, which trains ‘progressive’ candidates. Carrie Lucking, who has directed the Alliance since 2011, is leaving to work for Education Minnesota. This is her last week at the Alliance.”

Now we get a fuller  story of the U of M women’s gymnastics coach’s sudden departure. Says Jason Gonzalez in the Strib, “The school determined that Meg Stephenson, one-time national coach of the year, retaliated against someone at the university after a student-athlete claimed she was sexually harassed by Stephenson’s husband, volunteer assistant coach Jim Stephenson.”

More on yesterday’s police shooting of a rock-throwing man in St. Paul. Tim Nelson and Jon Collins of MPR say, “When they arrived, officers were immediately confronted by the man who was throwing rocks, aggressively approaching the officers and ignoring orders to stop, [Chief Tom Smith] added. ‘Next, the suspect immediately and aggressively came at the other officer, who then fired multiple shots, fatally wounding the suspect.’ Police said more information about the incident will be released in the next day. Smith said he couldn’t yet provide information on whether the officers had Taser guns available but emphasized that the officers believed their lives were in jeopardy.” And so you shoot to kill?

Also haunting the Chief: MPR’s Brandt Williams says, “The videotaped arrest of a man by St. Paul Police in January has been the talk of social media this week — so much so that Police Chief Tom Smith felt compelled to defend his officers. … In the video, a man later identified as 28-year-old Christopher Lollie tells an officer he was sitting in a public area and that he didn’t see any signs saying the area was off limits. ‘No one can tell me I can’t sit there,’ Lollie said. When the officer asks Lollie to identify himself, he refuses and asks why she’s asking. ‘Because that’s what police do when they get calls,’ the officer replied. ‘The problem is I’m black,’ Lollie said. ‘That’s the problem … I didn’t do anything wrong.’ Then they Tase him.

The curtain fell on Midway Stadium last night. Frederick Melo of the PiPress says, “As the St. Paul Saints prepared for the final home game of their 22-year-tenure at Midway Stadium, fans said their goodbyes to the facility that helped resurrect the career of baseball legend Darryl Strawberry and launch the careers of amiable mascot Mudonna T. Pig and Sister Rosalind, the massage therapist nun. … The Saints, who moved into Midway Stadium in 1993, will relocate to a new city-owned ballpark under construction off Fifth and Broadway streets in Lowertown for the 2015 season. The 7,000-seat, $63 million ballpark is being touted as an anchor for the burgeoning entertainment district near Mears Park and the St. Paul Farmers Market.” See more on the story from MinnPost