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Wednesday, August 22, 2012

Best Buy’s giving its new CEO $32M — more than twice what it made last quarter

Best Buy’s giving its new CEO $32M — more than twice what it made last quarter

"Best Buy is laying off 2,400 workers, can't afford to hire anyone, can barely pay its bills and yet the company is paying its new CEO twice what it made last quarter... A new CEO with no retail experience... and who is French with no visa (and he gets a $6-million payout if he can't get one by the end of Sept.) And this makes sense to who on the board?"

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