Schafer: Cuts inevitable in Best Buy turnaround

  • Article by: LEE SCHAFER , Star Tribune
  • Updated: February 26, 2013 - 9:14 PM

The presentation Best Buy Co. Inc. executives gave in November to a room of investors and analysts was 55 slides.

  • 2
  • Comments

  • Results per page:
  • 1 - 2 of 2
laposatFeb. 27, 13 7:22 AM

Maybe BB should stop paying CEO's $20 million dollars, just to let them walk away, but then have to lay off normal workers to make "cuts" to save the company. These are people who have mortgages, kids and other responsibilities that because of these 'executives" dumb decisions, now they won't be able to pay their bills. Do you think the executives will be able to pay their basic bills? Of course, because that is the basic definition of an executive's job, take of of thyself and the heck with everyone else....shame on you Best Buy!

3
2
spunkykleeFeb. 27, 1312:54 PM

The stock market is a joke, make sure they are happy or else, Companies should go on there own merit, I would like to see a investor actually make a dollar on there own merit instead of the backs of companies they don't even work for. The time of huge pay for executives should be over as well, how many workers jobs could have been spared if we use the model of the Chinese for executive pay, roughly no more then 20 times pay then the average worker bee( I believe)

2
0
  • 1 - 2 of 2

Comment on this story   |  

ADVERTISEMENT

Connect with twitterConnect with facebookConnect with Google+Connect with PinterestConnect with PinterestConnect with RssfeedConnect with email newsletters

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT