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You are here: Home / Archives for Dick Schulze

Dick Schulze

Two More Directors Leave Best Buy

January 2, 2013 by Ted Leave a Comment

Best Buy Store EntranceBest Buy Company, Inc. announced this past Monday that two of its directors had resigned, including one that had served in the role of chief executive in the past. These departures come seven months after the departure of company founder Richard Schulze who is now working to make a bid for the struggling retailer.

With these departures, Best Buy’s board now has four vacancies… [Read more…] about Two More Directors Leave Best Buy

Filed Under: Management, News, Pivot Point, Retailers Tagged With: Best Buy, Brian Dunn, Dick Schulze, G. Mike Mikan, Matthew Paull, Richard Schulze, rogelio Rebolledo

Is Best Buy Now Worst Buy?

August 22, 2012 by Ted Leave a Comment

Photo of Best Buy Store SignIt’s been a rough week for Best Buy. And if something doesn’t happen soon…it’s only going to get worse as the company is on a slippery slope and quickly losing the support of Wall Street. Already the company was embroiled in turmoil having recently dismissed CEO Brian Dunn for an inappropriate relationship with a young, female employee…scolding and then losing founder and chairman Richard “Dick” Schulze who knew about the relationship and didn’t tell anyone…and then enduring a reasonably PR-savvy public campaign as Schulze announced intentions to buy the company and take it private. Finally – as if to emphasize how bad things had become – this past Monday the company announced their fiscal Q2 results with a shocking 91% drop in profits. But wait! There’s more…

How bad is it at Best Buy? They had to pay someone $32 MILLION to come run it!… [Read more…] about Is Best Buy Now Worst Buy?

Filed Under: Industry Trends, Management, News, Pivot Point, Retailers, Strategy Tagged With: Best Buy, board of directors, Brian Dunn, CNBC, Dick Schulze

Best Buy Board to Schulze: You Show Us Yours Before We Show You Ours

August 16, 2012 by Ted Leave a Comment

Best Buy Founder Dick SchulzeReuters is reporting that the Best Buy board of directors has asked founder and former chairman Richard Schulze to name the private equity (PE) firms that he can line up to help him buy out Best Buy stock and take the company private. But reportedly Schulze is playing coy, saying only that there’s a “number of leading private equity firms” prepared to make a significant commitment.

In an email to Reuters, the board said, in effect, it will take its time to study the proposal… [Read more…] about Best Buy Board to Schulze: You Show Us Yours Before We Show You Ours

Filed Under: Industry Trends, Management, News, Retailers, Strategy Tagged With: Best Buy, Dick Schulze, private equity

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Ted Green Bio

A former dealer, manufacturer, distributor & more. Focusing on business strategy, my goal is to help you make better decisions for greater success.

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