Best Buy deals tied to insiders draw scrutiny

  • Article by: PAUL McENROE, TONY KENNEDY and PATRICK KENNEDY , Star Tribune
  • Updated: April 16, 2012 - 11:42 AM

Analysts point to business arrangements between retailer and its board members, including founder Richard Schulze.

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cootoriginalApr. 14, 1211:26 PM

I guess it's up to the stockholders to determine if they want to continue supporting the company. It honestly doesn't sound too bad considering they had to purchase lights, health plans, etc., anyway. It's United Health Care which should be looked at if you want to see astronomical salaries. Unlike Best Buy's tens of thousands, you'd be looking at millions.

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cman2500Apr. 14, 1211:56 PM

Sad to say this but folks better dust off their resumes... The ship is sinking

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rshacklefordApr. 15, 1212:14 AM

"For years, analysts have expressed concern about the insular nature of the company's board and certain business dealings involving founder and chairman Richard Schulze, members of his family and longtime board members." ---- Are these analysts trying to say that it is 'not what you know but who you know?' If so, welcome to the business/gov't/etc world...

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nuguy72Apr. 15, 1212:24 AM

Sounds like the Schulze Family wants Best Buy to be a private Company. But be funded by a public stock option. Can't see buying stock in a private/public Company. No one else does that as a publicly traded Company.

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jock1mnApr. 15, 12 5:47 AM

Favoritism, the best way to lose employee and customer loyalty... Amazon here we come!

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longmemoryApr. 15, 12 7:18 AM

It starts at the top.

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vmx1200Apr. 15, 12 7:46 AM

Remember the old saying: "A fish rots from the head down." ".....for such a big dominant public company to have such a long list of unflattering behaviors.'' This really explains alot of the negitive sentiment over the last 10 years many customers have expressed. Eventually, over time, even the largest companies, morph into the persona and integrtity of the leadership (good or bad)... Especially, leadership that has been at the helm for 40+ years.

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transplantedApr. 15, 12 8:01 AM

For my part, I just can't help but feel sad that something that had once been so good, has been allowed to become something that is so bad, now. There was a time I wouldn't go anywhere else but Best Buy - and now, I will go anywhere else BUT Best Buy. Many feel as I do, and for whatever reason, Best But has done this to themselves. No one else is to blame.

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nommmplummmApr. 15, 12 8:29 AM

Winery bio. on S.H. Over the course of more that 25 years with B.B., S. worked her way up the corporate ladder from an Accounts Payable clerk to the role of principal communications strategist for the Fortune 100 company. Before resigning as Senior Vice President of Communications and Chief Communications Officer in 2006, she had represented B.B.'s entire family of brands, including its namesake chain in North America and Canada; high-end electronics retailer M. Audio Video; the company’s computer service division, G.S.; and its Canadian F.S. chain. S. established the B.B. Children’s Foundation in May 1994...

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research2dayApr. 15, 12 8:32 AM

Just an aside, but I thought only non-profit health insurance companies could offer products and services in the state of MN; and I was told that UnitedHealth was a for-profit company.... Just wondering. (I was led to understand that they could have their offices in the state, but could not offer their products to customers in the state. I could be wrong.)

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