Steve Grzanich has the business news of the day with the Wintrust Business Minute.

The interim CEO and president of Riverwoods-based Discover Financial Services is getting a pay raise as he works to complete the company’s acquisition by Capital One. J. Michael Shepherd will get about $1.7 million this month and $750,000 in May and June. He’s also eligible for a $2.4 million bonus if the Capital One deal closes on or before June 30. The details are listed in a filing with the U.S. Securities & Exchange Commission. When he was hired, Sheperd was promised about $1.2 million a year and a stock option grant of about $5.7 million. Discover’s stock has risen about 30% since he took the helm.

Also, H-Food Holding, the holding company for Downers Grove-based Hearthside Food Solutions has emerged from bankruptcy. Listen for more below: