-
Michaels searches for new CEO
The nation’s leading arts and crafts retailer is looking for a new top executive after John Menzer resigned to focus on recovery from a stroke.
After Menzer suffered a stroke in April, Michaels created an office of the CEO comprised of Lew Klessel, interim COO and a managing director of Bain Capital, and Chuck Sonsteby, Michael’s chief administrative officer and CFO. The pair will continue to lead the company until Menzer’s successor is hired.
-
Making sense of “mandate” madness
For months, the debate over healthcare has almost exclusively focused on the individual-mandate, as we waited on the Supreme Court to determine the fate of the law. As a result many complex and crucial pieces of the Affordable Care Act (ACA), such as the employer-mandate, have received comparatively little attention. Given the enormous implications of changes to employer-sponsored coverage and the 170 million Americans who currently rely on it for coverage, it is time that more attention is paid to the issue.