Seeking Alpha

Best Buy (BBY) announces CFO Jim Muehlbauer is leaving at the end of FY13 (ends Feb. 3, 2013) ,...

Best Buy (BBY) announces CFO Jim Muehlbauer is leaving at the end of FY13 (ends Feb. 3, 2013) , and that a search has begun a search for a replacement. News of Muelhlbauer's departure comes as rumors swirl about founder Richard Schulze's interest in making a bid for the struggling electronics chain.
Comments (4)
  • Bye Bye BBY
    , contributor
    Comments (58) | Send Message
     
    One by One they are running for the doors. Another poor example of BBY ability to make decisions. Is this one of the Exec that received the Bonus back in June?

     

    Destruction of Trust Between Management and Workforce

     

    First, Best Buy's decision to lay off workers comes about only one week after the company announced that it was giving $10 million in bonuses to four executives for doing nothing more than not leaving the company. An article describing those "continuity bonuses".
    9 Oct 2012, 05:53 PM Reply Like
  • billddrummer
    , contributor
    Comments (1677) | Send Message
     
    Yes it is, and he gets to keep the money.

     

    I'm guessing that anyone else who leaves gets to keep the 'retention bonus' too.

     

    How nice.

     

    For them.

     

    For shareholders, not so much.
    14 Oct 2012, 03:45 PM Reply Like
  • Lylelarson
    , contributor
    Comments (2) | Send Message
     
    I have visited the remodeled stores several times and am not totally impressed with the changes. I have many great ideas on how to utilize the existing employees achieve much improved results throug a series of interactions with the guests.

     

    You can remodel stores and make them look different but if you don't change the methods of the employees you accomplish nothing except renewed expenses.
    10 Oct 2012, 01:45 AM Reply Like
  • billddrummer
    , contributor
    Comments (1677) | Send Message
     
    Why not share some of your "great ideas"?

     

    Or are you waiting for BBY to call you for an executive level conference?
    14 Oct 2012, 03:47 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector

Next headline on your portfolio:

|