Remain calm, investors, shoppers, and employees of Best Buy. Okay, yes, Best Buy CEO Hubert Joly sold half of the shares in the company that he owns that are vested and that he’s legally allowed to sell, but that’s just about his personal investment choices, not meant as a statement about the future of the company. Hey, why is the stock price falling? [More]
We don’t cheer on the demise of companies here at Consumerist: when a company appears on this site repeatedly, it’s because we want them to be better. Best Buy used to be a frequent subject of posts here, but now they aren’t. Americans haven’t all abandoned the retailer: it’s actually doing well, with its mini-store concept paying off. What’s coming up soon for the company? More Apple mini-stores. [More]
One year ago this week, Best Buy sought to end a turbulent year of executive shakeups, sinking sales, and all-around bad publicity, by naming Hubert Joly as the company’s new CEO. For a company whose previous CEO had worked his way from the retail floor to the boardroom, this was a huge departure, but was it a smart move? [More]
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]
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.
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.
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.