With only days to go until company founder Richard Schulze makes his case to the board for buying the company back, Best Buy’s new-ish CEO Hubert Joly is moving full-steam-ahead with his plan to restructure the company, announcing that 400 employees will soon no longer be employees. [More]
Best Buy To Cut 400 Jobs, But No Store Closures Right Now
By February 26, 2013
New Best Buy CEO Ends Up With $6.25 Million Even If He Isn't Able To Take The Job
By August 22, 2012
Earlier this week, Best Buy unveiled a new CEO in the form of hotel/restaurant exec Hubert Joly. And now come the details of just how well Joly will be compensated — even if he is never able to actually do the job he’s been hired to do. [More]
New Best Buy CEO's Bold Vision Is Retail Equivalent Of "I'm Just Here To Help The Team"
By August 20, 2012
As we mentioned earlier today, Best Buy has announced that hotel/restaurant exec Hubert Joly will soon be taking over as CEO of the embattled electronics retailer. Since then, Joly has made his first public remarks on the new gig, but if you were hoping for some exciting, bold vision of how he plans to restore Best Buy to greatness, well… you might be in for a letdown. [More]
Best Buy Names New CEO, Even As Founder Angles To Buy Company Back
By August 20, 2012
The CEO-go-round at Best Buy continues to spin, as the electronics company announced this morning that it had chosen a successor to CEO Brian “These dishes are” Dunn, who left the company under a cloud of scandal — all while company founder Richard “Don’t call me Sergeant” Schulze moves forward with his bid to arrange a buy-back of the business. [More]
