Monday August 20, 2012

Best Buy Names New CEO

What's the first thing you should do when the co-founder (and largest shareholder) of your company announces he wants to take it back? If you are Best Buy, the answer is....hire a new CEO. confused

Best Buy has appointed a new CEO, Hubert Joly, to lead the beleaguered electronics retailer. Interim CEO Mike Mikan, who has led Best Buy since former chief executive Brian Dunn resigned following an inappropriate relationship with a female employee, will continue to serve on the board.