Best Buy's board in line for buyout payout

  • Article by: THOMAS LEE , Star Tribune
  • Updated: January 12, 2013 - 9:49 PM

Hubert Joly and directors could stand to gain the most from a buyout deal with founder Richard Schulze.

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vikes333Jan. 12, 1311:45 PM

Wasn't $18 a share the price Mr. Lee himself reported PRIOR to the news of holiday performance???????

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stayintouchJan. 13, 13 6:59 AM

If Schulze, the old band and Mittites (private equity firms) are allowed in the door the company will falter and die, period.

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jplamp9Jan. 13, 13 8:25 AM

'In August, Schulze, who is also Best Buy's largest shareholder, said he wanted to buy the company for $24 to $26 a share.' The stock is now at $14. The incompetent board who rejected the earlier overture will now benefit from a sale by getting rewarded. Classic example of pay without performance. The continuing widening gap between top executives and Board Members, out of step with the rest of the world, will sadly continue.

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bcarsonmplsJan. 13, 13 9:13 AM

Hubert Joly has benefited from this past year's endless stream of Best Buy publicity, not from selling blenders out on the sales floor.

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debwaldinJan. 13, 13 9:27 AM

Stephen Gillett is gone after a mere 9 months at Best Buy and he's positioned to make $6.2 million dollars?? How does that make sense? Where is the stockholder revolt?

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gofurnuttJan. 13, 13 9:51 AM

Top Dogs Benefiting from Fiscal Chaos..., While The Employee Goes To Unemployment,What Else Is New....

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comment229Jan. 13, 1311:18 AM

I would be willing to bet, that these CEOs, while working for Best Buy, moonlighted as CEOs for Hostess.

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callmeronJan. 13, 13 3:39 PM

"The continuing widening gap between top executives and Board Members, out of step with the rest of the world, will sadly continue." Since you won't be losing any of your money, it really is none of your business. Let's contrast that with welfare recipients getting free cash which was stolen from those who earn it.

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