Best Buy’s Richard Schulze is likely to still wield clout

  • Article by: THOMAS LEE , Star Tribune
  • Updated: May 16, 2012 - 1:31 PM

He'll be stepping down from the board, but "I don't see him going away," a former top executive said.

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ford1949May. 15, 1210:14 PM

Schulze "built this company with hard work and vision"... ....and yet all that vision has brought them to where they are today. Majority shareholder or not, he will need to step out for BB to turn this around. Hopefully any incoming CEO would ensure this guy is far away from the future strategic decisions before signing on for the job.

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xorcistMay. 15, 1211:16 PM

If Schulze or anyone in management had the vision these Board members are dissembling about, then the company wouldn't be in the mess it is today.

Likewise, the company wouldn't have multiple EEOC investigations going on regarding their hiring and promotion practices.

Yeah, that's visionary

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verquin1May. 16, 12 3:34 AM

How many people have built a fortune 100 company? Short list that he is on...

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ParideumfarmMay. 16, 12 5:31 AM

The worst thing about great leaders, especially founders, is that they stay too long. The shopping experience at Best Buy for some time has been horrible, characterized by an outdated store environment, sales people who don't know much, and poor customer service. With that back drop, why would someone choose to shop at this dinosaur?

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bbiniowa6May. 21, 12 3:51 PM

Who would love the company more?...an outsider or the actual founder, who had his heart and soul in the company for a lifetime? He's (Dick Schulze) going to fight tooth and nail to make this work! He's done it before and he can do it again! Analysts don't know anything about dogged persistence! Dick does!

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