Lakeshore Inn
A long-shot gamble paid off, and nursing home Lake Shore Inn of Waseca remained a viable enterprise because of it.
In 1987, recent Minnesota State University MBA graduate Pete Madel III gambled when accepting a position at the nonprofit Cystic Fibrosis Foundation—Minnesota chapter. Starting at the Foundation just didn’t have the panache of being a junior executive for, say, Cargill, General Mills or 3M.
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