For Best Buy, buyback program was a costly dud

  • Article by: DAVID PHELPS , Star Tribune
  • Updated: December 29, 2012 - 9:08 PM

Lawsuit alleged the company couldn't launch it in time for Super Bowl ad.

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sek2undrstndDec. 30, 12 2:34 PM

Callmeron......You are off topic. This was a story about Best Buy's predatory actions surrounding their Buyback program. It is surprising to hear that most of these cases never go anywhere because the young company doesn't have the financial resources necessary for a lawsuit. Doesn't this lead to moral hazard on the part of the larger, more established firm and stifling of the sharing/selling of proprietary information?

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meimdiekeDec. 30, 12 3:45 PM

Best Buy has been leaking cash for years, starting with it's ambition to be a "world" electronics giant. It was easier when the state paid for most of it's "world" headquarters in Richfield.

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FreealonzoDec. 30, 12 3:46 PM

I think a more interesting story would be about the failure of the buyback program. What happened? Why was it a failure? What were the loses? Could be very interesting.

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wallyworldmnDec. 31, 12 4:37 AM

The way that Best Buy apparently treated TechForward is also indicative of how Best Buy views their customers. It demonstrates the Best Buy values and priorities. While customers are often slow to react, their collective response is resounding and the resulting momentum is unforgiving.

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