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You are here: Home / Archives for Richard Schulze

Richard Schulze

Founder Schulze Considering Abandoning Deal for Best Buy

February 14, 2013 by Ted Leave a Comment

Best Buy's Founder Richard Schulze
Richard Schulze
Former Best Buy Chairman

Multiple news outlets, including the Wall Street Journal and Reuters News Service, are reporting that Best Buy founder Richard M. “Dick” Schulze is considering abandoning his bid to take the company private. Schulze had informed the Board of Directors in August 2012 that he intended to purchase all outstanding shares of stock to take the company private. After months of study and planning, Schulze is said to be ready to scuttle the plan.

Why, after so much effort, is Schulze considering dropping his bid?…See what we discovered… [Read more…] about Founder Schulze Considering Abandoning Deal for Best Buy

Filed Under: Financial, Management, News, Retailers, Strategy Tagged With: Best Buy, Brian Dunn, Richard 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

Best Buy Founder Schulze Rounds Up the Old Gang for One Last Try

August 7, 2012 by Ted Leave a Comment

Graphic of Best Buy CowboysBloomberg News reported on Monday that the Best Buy Co. board of directors has received a letter with an offer from company founder and former chairman Richard Schulze to acquire all outstanding shares of the company stock and take it private. Schulze is said to have the support of at least two private equity companies and an investment bank that is confident it can arrange adequate financing. Schulze also says several former Best Buy executives are interested in joining him in the process of reinvigorating the company.

Analysts are skeptical… [Read more…] about Best Buy Founder Schulze Rounds Up the Old Gang for One Last Try

Filed Under: Industry Trends, Management, News, Pivot Point, Retailers, Strategy Tagged With: Best Buy, Bloomberg News, Brian Dunn, CNBC, Fitch, junk bond, Minnesota, Richard Schulze

Best Buy’s Founder is Forced Out as Ex-CEO Receives $6.6 million Severance

May 16, 2012 by Ted 2 Comments

<May 16, 2012> The news out of Best Buy Stores, Inc. continues to be ugly. Earlier this week, we learned Best Buy Logothat the board investigation into the unseemly Brian Dunn affair has taken an unexpected turn, resulting in Best Buy founder and board chairman Richard Schulze being forced out of his own company. And yet, some market analysts are celebrating. Why? [Read more…] about Best Buy’s Founder is Forced Out as Ex-CEO Receives $6.6 million Severance

Filed Under: News, Retailers Tagged With: Best Buy, Brian Dunn, Richard Schulze, scandal

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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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