World News Insights
1-3 Minute Gist

All Topics Article

Best Buy Founder Resigns, Explores Options for Stake

Wall Street Journal Original article ›

Keywords:

LyrArc Article Gist
U.S. electronic retailer Best Buy company founder Richard Schulze, its CEO for 36 years till 2002, and its current chairman, resigned on May 6, 2012. He will look at options for his 20.1% stake in the company. Hatim Tyabji, takes over as chairman, he previously headed the Audit committee, and was a director since 1998. An internal probe recently found that Schulze failed to notify the board about an improper relationship CEO Dunn had with an employee. CEO Dunn resigned earlier.

Richard Schultz, chairman of Best Buy

06/07/2012

Grouped Articles

Best Buy Founder Resigns, Explores Options for Stake

Wall Street Journal 06/07/2012

Best Buy performance

11/25/2009

Grouped Articles

Can This Former Clerk Save Best Buy?

Wall Street Journal 05/12/2013

Best Buy Works to Get Its Website Up to Snuff

Wall Street Journal 08/08/2013

Fear of 'Showrooming' Fades

Wall Street Journal 11/04/2013

Underdog Against Amazon, Best Buy Charges Ahead

New York Times 12/13/2013

No One Buys When Best Turns to Worst

Wall Street Journal 01/17/2014

Best Buy Won't Fade to Blue

Wall Street Journal 08/26/2014


Support LyrArc

We took a different way to help millions around the world build educated informed mindsets that affects and shapes their lives. For a future that is open, global and digital, with everyone having access to high quality information. We believe in the renewal of America, renewal of Europe, the renewal of India, the rest of Asia, Latin America and Africa. The renewal of our supply chains, health, education, infrastructure, as we rebuild our countries after the pandemic. Literacy and knowledge we believe cannot thrive and grow in a world of web bots, web crawlers, or AI. This requires human curiosity, human learning, and human imagination. We take as inspiration the saying- “One has to be free, and as broad as sky. One has to have a mind that is crystal clear, only then can truth shine in it.” Every contribution whether big or small is precious- in this crisis and ahead.

Support Lyrarc from as small as $1


Copyright © 2006 - 2026 Intelilinks LLC
Terms and Conditions | Copyright Policy | Privacy Policy | Contact Us