Schafer: Joly says overhaul at Best Buy is just starting

  • Article by: LEE SCHAFER , Star Tribune
  • Updated: November 25, 2013 - 11:34 AM

The stock of Best Buy Co. may have surged from less than $12 per share at the start of this year to more than $44 a share this month, but it’s clear CEO Hubert Joly scores the gains made in improving the business a little more cautiously.

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joe_mnNov. 25, 13 9:17 AM

??? Overhaul? Is price for tv same as Walmart? Mission accomplished!

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stubbyproofNov. 25, 13 3:10 PM

Joly might be focused on customers but he surely isn't focussed on employees. Hundreds of people from corporate to store employees have been let go on his watch as he wields a free axe. My sources tell me that many of the employees who were kept on wish they had been laid off because they are being asked to do the work of 2 and at times 3 people. Morale is extremely low and resumes are being sent out at a panic pace. So the smiles you see on Joly's face and the boys on Wall Street are at the expense of middle class workers who have been left out in the cold. Best Buy is only doing what all corporations do to impress investors, but it will not sustain in a changing America. My opinion.

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AJohns1Nov. 26, 1310:20 AM

Went to Best Buy last week, had six people ask (bug) me it I needed help in the first two minutes. Too many employees on the floor, probably not enough other places.

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