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  3. Brian Dunn, CEO of Best Buy Quits

Brian Dunn, CEO of Best Buy Quits

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  • K Offline
    K Offline
    Kevin Marois
    wrote on last edited by
    #1

    Best Buy had a quarterly loss of almost $2 billion and is closing 50 stores. So, Brian Dunn, the CEO, decided now's the time for him to leave. Look[^] what he's taking with him. (Scroll down a bit).

    Everything makes sense in someone's mind

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    • K Kevin Marois

      Best Buy had a quarterly loss of almost $2 billion and is closing 50 stores. So, Brian Dunn, the CEO, decided now's the time for him to leave. Look[^] what he's taking with him. (Scroll down a bit).

      Everything makes sense in someone's mind

      L Offline
      L Offline
      Lisa Sidlow
      wrote on last edited by
      #2

      Wow, I just watched a documentary where he insisted that people want to buy in the store and not online.

      Lisa Marie Sidlow

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      • L Lisa Sidlow

        Wow, I just watched a documentary where he insisted that people want to buy in the store and not online.

        Lisa Marie Sidlow

        L Offline
        L Offline
        leppie
        wrote on last edited by
        #3

        I like buying some stuff from a store, like fresh produce ;p

        IronScheme
        ((λ (x) `(,x ',x)) '(λ (x) `(,x ',x)))

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        • L Lisa Sidlow

          Wow, I just watched a documentary where he insisted that people want to buy in the store and not online.

          Lisa Marie Sidlow

          K Offline
          K Offline
          Kevin Marois
          wrote on last edited by
          #4

          I'm always amazed when a company is in trouble, and the CEO 'quits', and walks away with millions upon millions.

          Everything makes sense in someone's mind

          1 Reply Last reply
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          • K Kevin Marois

            Best Buy had a quarterly loss of almost $2 billion and is closing 50 stores. So, Brian Dunn, the CEO, decided now's the time for him to leave. Look[^] what he's taking with him. (Scroll down a bit).

            Everything makes sense in someone's mind

            C Offline
            C Offline
            Chris Meech
            wrote on last edited by
            #5

            Considering that BB is now at $21 and will likely be tanking faster than the Titanic, his options compensation isn't worth the paper it's printed on. :)

            Chris Meech I am Canadian. [heard in a local bar] In theory there is no difference between theory and practice. In practice there is. [Yogi Berra] posting about Crystal Reports here is like discussing gay marriage on a catholic church’s website.[Nishant Sivakumar]

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            • C Chris Meech

              Considering that BB is now at $21 and will likely be tanking faster than the Titanic, his options compensation isn't worth the paper it's printed on. :)

              Chris Meech I am Canadian. [heard in a local bar] In theory there is no difference between theory and practice. In practice there is. [Yogi Berra] posting about Crystal Reports here is like discussing gay marriage on a catholic church’s website.[Nishant Sivakumar]

              K Offline
              K Offline
              Kevin Marois
              wrote on last edited by
              #6

              Ya, but the problem is that the CEO will get paid first, before stockholder and other interests.

              Everything makes sense in someone's mind

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              • K Kevin Marois

                Ya, but the problem is that the CEO will get paid first, before stockholder and other interests.

                Everything makes sense in someone's mind

                C Offline
                C Offline
                Chris Meech
                wrote on last edited by
                #7

                His options are now all out of the money. The prospects of them ever becoming in the money are, well zero. He won't be paid anything except is million dollar salary. The other nine million has vaporised. :)

                Chris Meech I am Canadian. [heard in a local bar] In theory there is no difference between theory and practice. In practice there is. [Yogi Berra] posting about Crystal Reports here is like discussing gay marriage on a catholic church’s website.[Nishant Sivakumar]

                K 1 Reply Last reply
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                • L Lisa Sidlow

                  Wow, I just watched a documentary where he insisted that people want to buy in the store and not online.

                  Lisa Marie Sidlow

                  B Offline
                  B Offline
                  Bassam Abdul Baki
                  wrote on last edited by
                  #8

                  There are some things that won't go online. I needed a housewarming gift last year and found out that Mikasa was now completely online. Fat lot of good it does me when I need time to browse, order, and receive something that I need for the very next day.

                  Web - BM - RSS - Math - LinkedIn

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                  • C Chris Meech

                    His options are now all out of the money. The prospects of them ever becoming in the money are, well zero. He won't be paid anything except is million dollar salary. The other nine million has vaporised. :)

                    Chris Meech I am Canadian. [heard in a local bar] In theory there is no difference between theory and practice. In practice there is. [Yogi Berra] posting about Crystal Reports here is like discussing gay marriage on a catholic church’s website.[Nishant Sivakumar]

                    K Offline
                    K Offline
                    Kevin Marois
                    wrote on last edited by
                    #9

                    That all depends on whther or not its in his contract.

                    Everything makes sense in someone's mind

                    1 Reply Last reply
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                    • B Bassam Abdul Baki

                      There are some things that won't go online. I needed a housewarming gift last year and found out that Mikasa was now completely online. Fat lot of good it does me when I need time to browse, order, and receive something that I need for the very next day.

                      Web - BM - RSS - Math - LinkedIn

                      L Offline
                      L Offline
                      leppie
                      wrote on last edited by
                      #10

                      In South Africa, best you can expect is 6-10 business days delivery... When I order from Honk Kong, I can expect delivery in 8-12 business days, pay less for shipping, and hellavo lot less for the product. Now how does that make sense?

                      IronScheme
                      ((λ (x) `(,x ',x)) '(λ (x) `(,x ',x)))

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                      • L leppie

                        In South Africa, best you can expect is 6-10 business days delivery... When I order from Honk Kong, I can expect delivery in 8-12 business days, pay less for shipping, and hellavo lot less for the product. Now how does that make sense?

                        IronScheme
                        ((λ (x) `(,x ',x)) '(λ (x) `(,x ',x)))

                        B Offline
                        B Offline
                        Bassam Abdul Baki
                        wrote on last edited by
                        #11

                        You need to pay two convenient fees to get it sooner, and another convenient fee to "really" get it on time.

                        Web - BM - RSS - Math - LinkedIn

                        1 Reply Last reply
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                        • K Kevin Marois

                          Best Buy had a quarterly loss of almost $2 billion and is closing 50 stores. So, Brian Dunn, the CEO, decided now's the time for him to leave. Look[^] what he's taking with him. (Scroll down a bit).

                          Everything makes sense in someone's mind

                          W Offline
                          W Offline
                          wizardzz
                          wrote on last edited by
                          #12

                          Golden parachute, fiery Porsche, Dunn's have the best exits.

                          "I have a theory that the truth is never told during the nine-to-five hours. " — Hunter S. Thompson

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                          • B Bassam Abdul Baki

                            There are some things that won't go online. I needed a housewarming gift last year and found out that Mikasa was now completely online. Fat lot of good it does me when I need time to browse, order, and receive something that I need for the very next day.

                            Web - BM - RSS - Math - LinkedIn

                            R Offline
                            R Offline
                            Ravi Bhavnani
                            wrote on last edited by
                            #13

                            Crap.  I wish I knew.  I have a brand-new (sealed) Mikasa set for 4 that I've been dying to unload.  Really. /ravi

                            My new year resolution: 2048 x 1536 Home | Articles | My .NET bits | Freeware ravib(at)ravib(dot)com

                            B 1 Reply Last reply
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                            • R Ravi Bhavnani

                              Crap.  I wish I knew.  I have a brand-new (sealed) Mikasa set for 4 that I've been dying to unload.  Really. /ravi

                              My new year resolution: 2048 x 1536 Home | Articles | My .NET bits | Freeware ravib(at)ravib(dot)com

                              B Offline
                              B Offline
                              Bassam Abdul Baki
                              wrote on last edited by
                              #14

                              e-Bay. :D

                              Web - BM - RSS - Math - LinkedIn

                              R 1 Reply Last reply
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                              • B Bassam Abdul Baki

                                e-Bay. :D

                                Web - BM - RSS - Math - LinkedIn

                                R Offline
                                R Offline
                                Ravi Bhavnani
                                wrote on last edited by
                                #15

                                The postage from Toronto would be a killer.  And who ships crockery?  Oh, Mikasa does! /ravi

                                My new year resolution: 2048 x 1536 Home | Articles | My .NET bits | Freeware ravib(at)ravib(dot)com

                                1 Reply Last reply
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                                • K Kevin Marois

                                  Best Buy had a quarterly loss of almost $2 billion and is closing 50 stores. So, Brian Dunn, the CEO, decided now's the time for him to leave. Look[^] what he's taking with him. (Scroll down a bit).

                                  Everything makes sense in someone's mind

                                  J Offline
                                  J Offline
                                  Joe Woodbury
                                  wrote on last edited by
                                  #16

                                  I've gotten some very good deals from my local Best Buy. However, this past weekend, I took my son there so he could try out different laptops to see which he preferred. The laptops were mostly the worse of each brand. When we told the (rather nice) sales guy that it had to be able to play games, he said this was a common request and agreed that the selection for that sucked. Why then don't they stock the items people actually want, instead of dozens of items they don't? (Yeah, I know, they stock high margin items and try to sucker people into buying them.) I did notice that they finally priced their UPSs, Mice and keyboards competitively. (And considering the mess Best Buy made of last Christmas, Dunn should have been immediately fired by the board of directors.) PS. We ended up buying an ASUS from Amazon.

                                  1 Reply Last reply
                                  0
                                  • K Kevin Marois

                                    Best Buy had a quarterly loss of almost $2 billion and is closing 50 stores. So, Brian Dunn, the CEO, decided now's the time for him to leave. Look[^] what he's taking with him. (Scroll down a bit).

                                    Everything makes sense in someone's mind

                                    L Offline
                                    L Offline
                                    lewax00
                                    wrote on last edited by
                                    #17

                                    It really seems that electronics stores are quickly becoming a thing of the past. They don't sell anything that's really necessary to have "right now", so people are willing to pay cheaper places online and wait for items to ship. They can't compete with the customizability of computers ordered online (whether pre-built or custom built). Most music sales have moved to the internet (I still prefer CDs though, but people like me are becoming a minority), along with a good portion of videos.

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                                    • L lewax00

                                      It really seems that electronics stores are quickly becoming a thing of the past. They don't sell anything that's really necessary to have "right now", so people are willing to pay cheaper places online and wait for items to ship. They can't compete with the customizability of computers ordered online (whether pre-built or custom built). Most music sales have moved to the internet (I still prefer CDs though, but people like me are becoming a minority), along with a good portion of videos.

                                      C Offline
                                      C Offline
                                      Chris Meech
                                      wrote on last edited by
                                      #18

                                      lewax00 wrote:

                                      I still prefer CDs though, but people like me are becoming a minority

                                      Join the club. I still buy CDs and vinyl. Oddly, for vinyl, the 'best' stuff is not even available online anymore. You have to go to record shows or dig through boxes and boxes in antique stores. :)

                                      Chris Meech I am Canadian. [heard in a local bar] In theory there is no difference between theory and practice. In practice there is. [Yogi Berra] posting about Crystal Reports here is like discussing gay marriage on a catholic church’s website.[Nishant Sivakumar]

                                      1 Reply Last reply
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                                      • L lewax00

                                        It really seems that electronics stores are quickly becoming a thing of the past. They don't sell anything that's really necessary to have "right now", so people are willing to pay cheaper places online and wait for items to ship. They can't compete with the customizability of computers ordered online (whether pre-built or custom built). Most music sales have moved to the internet (I still prefer CDs though, but people like me are becoming a minority), along with a good portion of videos.

                                        J Offline
                                        J Offline
                                        Joe Woodbury
                                        wrote on last edited by
                                        #19

                                        The problem with online is that the quality of some items can't be readily determined. When I bought my HDTV, I'd settled on a specific model, but when I saw it in the store, I didn't like it at all. Ironically, it was Best Buy and they had some non-LED backlit Samsungs on clearance for ridiculously low prices. I couldn't tell the difference between the LED and non-LED backlit models and don't care about 3D and saved close to $300 over my original plans.

                                        L 1 Reply Last reply
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                                        • J Joe Woodbury

                                          The problem with online is that the quality of some items can't be readily determined. When I bought my HDTV, I'd settled on a specific model, but when I saw it in the store, I didn't like it at all. Ironically, it was Best Buy and they had some non-LED backlit Samsungs on clearance for ridiculously low prices. I couldn't tell the difference between the LED and non-LED backlit models and don't care about 3D and saved close to $300 over my original plans.

                                          L Offline
                                          L Offline
                                          lewax00
                                          wrote on last edited by
                                          #20

                                          On the other hand though, many online retailers have reviews and ratings posted from customers which helps when researching a product, and it tells you some things a floor model can't like "Will this still work a year form now?". Physical shopping does have it's advantages, but overall online shopping seems to be winning out (I've even seen delivery trucks for local grocery stores which apparently also have online ordering now...though I can't see myself ordering things like fruits, vegetables, and meat without inspecting them first).

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