Richard Schulze takes a shot at Best Buy's (BBY) decision to hire turnaround specialist Hubert...

|About: Best Buy Co. (BBY)|By:, SA News Editor

Richard Schulze takes a shot at Best Buy's (BBY) decision to hire turnaround specialist Hubert Joly as its CEO, saying the company needs a proven leadership team with deep retail experience and knowledge of Best Buy. Though it sounds a bit like sour grapes after the company for the most part spurred its ex-founder, Schulze was correct with the part of his statement where he added value is eroding. Best Buy 6.8% lower on the day.