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Schulze returns to Best Buy as chairman emeritus

Best Buy Co Inc founder Richard Schulze, who left the board last year and later failed in his effort to take the company private, will rejoin the retailer as chairman emeritus and add two of his former colleagues to the board.

 

Best Buy's founder allowed to pursue buyout

Best Buy

Best Buy Co. Inc. and its founder and former chairman Richard Schulze say they have an agreement that will allow Schulze to pursue his plan to try to buy the nation's largest consumer electronics chain.

 

Best Buy Chairman Leaving Early

The company’s founder, Richard Schulze, said he was leaving the board immediately and also said he was looking to sell his 20.1 percent stake in the retailer, worth about $1.3 billion.

 

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